Retail Sales Up 0.6% In June, Better Than Expected

Summary

• The Census Bureau's Advance Retail Sales Report for June showed consumer spending was higher than expected last month, with headline sales rising 0.6%.
• Core sales (ex Autos) were up 0.5% in June. This is up from May's -0.2% reading and higher than the expected 0.3% growth in core sales.
• Retail sales control purchases rose 0.5% in June. This is up from May's 0.2% reading and better than the expected 0.3% growth in control sales.

Tara Moore

By Jennifer Nash

The Census Bureau's Advance Retail Sales Report for June showed consumer spending was higher than expected last month, with headline sales rising 0.6%. This marks the first monthly increase since March and was better than the