US retail sales point to a second-quarter consumer rebound | Crypto Craft

  • US retail sales point to a second-quarter consumer rebound

    From think.ing.com

    June US retail sales matched market expectations, rising 0.2% month-on-month at the headline level with the control group, which excludes volatile items (gasoline, food service, autos, building materials), and better tracks broader consumer spending trends, rising 0.5% MoM. Remember these are dollar value figures and lower gasoline prices meant gasoline station sales fell 5.3% MoM. Non-store (internet) sales continue to be the main source of growth, rising 1.9% MoM, likely boosted by Amazon Prime Day. In year-on-year terms, sales are up 18% for this component versus 8.4% YoY for total sales. Sporting goods also saw ... (full story)

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