Friday, July 15, 2016

Retail Sales Rose 0.6% in June

There were $457.0 billion in retail and food services sales in June, up 0.6% from the previous month and 2.7% from June 2015, according to the U.S. Census Bureau.

Core retail sales – excluding automobiles and parts – increased 0.7% after rising 0.4% in the previous month. Year-over-year core sales increased by 3.2%.

Retail trade sales increased 0.7% on the month compared to a 0.4% rise in May, and rose 2.4% from a year ago.

Sales at clothing and clothing accessories stores dipped in June, falling 1.0% from the previous month and 0.9% from the previous year. Sales at gasoline stations increased in June, rising 1.2%. Gasoline station sales were down 9.6% from the previous year, however.

Read the Census release.
Visit Banks and the Economy.

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