US retail sales rose 0.6% in June

Americans spent more last month on clothing and dining out as the economy opened up amid fewer pandemic-related restrictions

Americans spent more last month on clothing, electronics and dining out as the economy opened up and there were fewer pandemic-related restrictions.

U.S. retail sales rose a seasonal adjusted 0.6% in June from the month before, the U.S. Commerce Department said Friday. The increase was a surprise to Wall Street analysts, who had expected sales to fall slightly last month.

Sales at bars and restaurants rose 2.3%, according to Friday’s report. Clothing store sales rose by 2.6%, and sales at electronic shops were up 3.3%.

Loading

Leave a Reply

Your email address will not be published. Required fields are marked *

Follow by Email
Pinterest
LinkedIn
Share