US June Retail Sales Rise 0.2% From Prior Month, Matching Forecasts

US retail sales rose 0.2% in June from the prior month, matching market forecasts.

The Commerce Department said July 16 that June retail sales increased 0.2% from May. The result matched economists’ estimate of a 0.2% gain.

Retail sales climbed 6.72% from a year earlier. The May reading was revised up to a 1.0% increase from the previously reported 0.9% rise.

The monthly US retail sales report is a preliminary indicator that mainly tracks goods purchases within overall consumer spending. It is widely viewed as a gauge of changes in consumption, a main pillar of the US economy.

On Wall Street, concerns have grown that uncertainty over tariff policy under a second Trump administration, along with fears of a recession, could weaken consumer sentiment and weigh on household spending.