US retail sales unchanged in June; prior month revised higher
- Retail sales in the United States were stagnant in June, beating economists' expectations, with May numbers revised upwards to a 0.3% increase, as reported by the Commerce Department. April sales were revised downward by 0.2%.
- In June, total retail sales reached US$704.3 billion, remaining flat from May, despite analysts foreseeing a 0.3% decrease, as per the Department of Commerce.
- Auto dealers saw a 2.3% decrease and gas stations a 3.0% decline in sales in June, while overall retail sales excluding auto and gas increased by 0.8%, indicating ongoing demand.
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