US Retail Sales Remain Flat in June as Consumption Cools, Online Sales Rise
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#fed009b0 ver:0.93

US retail sales remained unchanged in June, with no increase from May, according to the Commerce Department. Gas stations and auto dealerships weighed down the overall figure, but excluding these, retail sales rose 0.8%. Online sales increased by 1.9%, clothing and accessories store sales rose 0.6%, and department stores saw a 0.6% increase. Control retail sales, which exclude certain categories, rose 0.9%. Inflation declined by 0.1% and core prices climbed 3.3% from a year earlier. The report suggests consumers are still spending, driven by income growth and employment. #RetailSales #Economy #Inflation...

#newstr #UsRetailSales #Consumption #Economy 

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