BUSINESSWPLG LOCAL 10 MIAMI
Retail sales up just 0.2% in June, but excluding business at the gas pump, shoppers are resilient
Retail sales rose 0.2% in June, driven by resilience in categories like motor vehicles and online sales despite a 5.3% drop in gas station sales due to falling fuel prices. Consumers prioritized spending on cars and summer events, while inflation cooling provided some relief.
Mentioned
Related Signal
Adjacent reporting
- Retail sales up a modest 0.2% in June amid economic uncertainty and fading benefits from tax refunds
- Retail sales up a modest 0.2% in June amid economic uncertainty and fading benefits from tax refunds
- US retail sales rose 0.2% in June, up 6.7% from a year ago
- Retail sales up a modest 0.2% in June amid economic uncertainty and fading benefits from tax refunds
- Retail sales up a modest 0.2% in June amid economic uncertainty and fading benefits from tax refunds