US retail sales unchanged in June, beating forecasts for slight drop
==========

US retail sales were unchanged in June, following an upwardly revised 0.3% gain in May. Economists had forecast a 0.3% drop in retail sales. However, the outlook for sales is unfavorable as households are becoming more price sensitive and focusing on basic needs. Retail sales excluding automobiles, gasoline, building materials, and food services surged 0.9% in June. Growth estimates for the April-June quarter were around a 2% rate before the retail sales data.

#UsRetailSales #EconomicGrowth #ConsumerSpending

https://theedgemalaysia.com/node/719249