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U.S. Retail Sales Surprised to the Upside in June With 0.6% Gain

Published 07/16/2021, 08:32 AM
Updated 07/16/2021, 08:42 AM
© Reuters.

© Reuters.

By Geoffrey Smith 

Investing.com -- U.S. retail sales in June outstripped expectations, in the latest show of strength from an American consumer that seem happy to swallow some of the sharpest price rises in years. 

Overall retail sales rose 0.6% on the month, in comparison to expectations for a drop of 0.4%. However, the rise came from a lower baseline as May's data were revised to show a drop of 1.7%, from the 1.3% originally reported.

Core retail sales, which exclude some of the more volatile components of consumer spending, rose by 1.3%, clearly ahead of the 0.4% rise expected, while the 'retail control' metric of spending rose by 1.1%. They, too, both had their May numbers revised down slightly.

Latest comments

silly media fraud.retail is about even with pre-covid levels, but far fewer businesses are meeting demand = sustained unemployment. stock market is fantabulously overvalued with really nothing to support it.
it will be revised in worse next week as they always do
that to much crazy
crazy lol 😁🤣🤣
Stock prices had already factored in at least 6%.
then why is the dollar index collapsing against other currencies
is manipulation only but overall dollar is up next weeks
because a lot of MMs and tutes are betting on slower money velocity over the next 12 months
People shedding their dollars before it loses value due to inflation...
Retail Sales are measured in dollars. When retail prices grow quickly, “retail sales” will grow too. Of course, media will not disclose this simple trick.
And stock prices are measured in $ too. Bullish
 Yep, inflation goes mostly to stocks. Of course, government does not include stock prices to inflation calculation formulas.
high
Back to bullish
too rapid
wait til back to school shopping starts 👌
hey
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