Tuesday, July 19, 2016

June retail sales exceed estimates

Image result for June retail salesSales at U.S. retailers rose more than forecast last month in a broad advance that shows consumers delivered for the economy in the second quarter.

The 0.6 percent increase in June retail receipts exceeded most analysts' highest estimates and followed a 0.2 percent gain the previous month that was smaller than previously estimated, Commerce Department figures showed Friday. So-called core sales, used to calculate gross domestic product, rose a larger-than-projected 0.5 percent for a second month.. . . more

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