Retail sales last month rose less than expected
U.S. retail sales rose 0.2% in June, reflecting a slower pace of growth than expected.
Velocity
How fast coverage is spreading — measured hourly from article rate × source diversity. How this works →
The brief
U.S. retail sales increased by 0.2% in June, which represents a 6.7% increase compared to the previous year. This growth rate was lower than anticipated.
Coverage from the Wall Street Journal, CNN, and Bloomberg emphasizes the modest nature of the rise. Bloomberg specifically notes that consumers spent less on gas during this period.
Kitco reports that gold prices are struggling in the wake of these figures. Future developments depend on whether the slower pace of retail growth continues and how it further impacts gold prices.
Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 1h ago.
Quick answers
How much did U.S. retail sales increase in June?
Retail sales rose 0.2% in June.
What was the year-over-year increase for retail sales?
Retail sales were up 6.7% from a year ago.
What factor contributed to the modest rise in sales?
According to Bloomberg, consumers spent less on gas.
Coverage (9)
- We’re Eyeing Two Holdings as We Digest June Retail Sales Report TheStreet Pro · 5h ago
- Lower gasoline prices hold back US retail sales, underlying momentum remains Reuters · 5h ago
- With gas receipts plunging, June retail sales show a resilient consumer Los Angeles Times · 5h ago
- Retail sales up a modest 0.2% in June amid economic uncertainty and fading benefits from tax refunds AP News · 5h ago
- U.S. Retail Sales Rose at Slower Pace Last Month WSJ · 5h ago
- US retail sales rose 0.2% in June, up 6.7% from a year ago qz.com · 5h ago
- Gold price struggling as U.S. retail sales rise 0.2% in June KITCO · 5h ago
- US Retail Sales Rise Modestly as Consumers Spend Less on Gas Bloomberg.com · 5h ago
- Retail sales last month rose less than expected CNN · 5h ago
Topics
Related trends
Americans Are Spending, and Not Just on Necessities
Americans continue to spend on non-essential items despite lingering concerns over high prices and creeping inflation.
U.S. grocery slowdown deepens as shoppers buy fewer items, raising pressure on food companies
U.S. grocery unit sales are declining as shoppers purchase fewer items, increasing pressure on major food companies.
Exclusive: Bank of America CEO bullish on economy powered by spending
Bank of America's CEO expresses confidence in the US economy, citing strong consumer spending and wage growth.
S&P 500 futures rise after light June inflation data, Dow futures weighed down by IBM: Live updates
S&P 500 futures are rising as June inflation data shows a cooling trend, hitting levels not seen since 2020.
'Funflation' hits home: Why staying in isn't the cost-saver it used to be
Rising entertainment costs, dubbed 'funflation,' are impacting household budgets even for those who choose to stay home.
PepsiCo warns of ‘rising inflationary pressures’ for US consumers
8 news sources are covering this Business story right now — Archynetys is tracking how fast it spreads.