U.S. June Retail Sales Up 0.6% MoM…Exceeds Expectations

JOON HYOUNG LEE

Summary

The United States announced that June retail sales increased by 0.6% from the previous month, surpassing market expectations.
This figure exceeded experts' forecast of 0.1%, indicating that U.S. consumer demand is more resilient than anticipated.
However, Wall Street noted concerns that uncertainties in tariff policy and worries about an economic slowdown could weaken consumer sentiment.

Last month, U.S. retail sales rose by 0.6% from the previous month, surpassing market expectations.

The U.S. Department of Commerce announced on the 17th (local time) that retail sales in the United States increased by 0.6% in June compared to the previous month. This figure is 0.5% points higher than experts' forecast (0.1%).

Year-over-year, sales rose by 0.5%. The May retail sales index remains, as previously announced, at a '0.9% decrease' from the prior month.

The U.S. monthly retail sales index is a flash statistic that primarily tallies merchandise sales within total consumption. It is considered an indicator to gauge changes in consumption, the backbone of the U.S. economy.

Wall Street has expressed concerns that uncertainties over tariff policies during the Trump administration's second term and fears of an economic downturn may weaken U.S. consumer sentiment and suppress personal consumption spending.

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