U.S. Retail Sales Jump as Consumers Grow More Confident [View all]
Source: The Wall Street Journal.
U.S. Retail Sales Jump as Consumers Grow More Confident
June’s healthy gain points to stronger growth after a sluggish start to 2016
By Ben Leubsdorf
ben.leubsdorf@wsj.com
@BenLeubsdorf
Updated July 15, 2016 10:49 a.m. ET
WASHINGTON—U.S. retail sales posted a healthy gain in June, a sign of sturdy consumer spending this spring that should support the broader economy headed into the second half of the year.
Sales at retail stores and restaurants rose 0.6% in June from the prior month to a seasonally adjusted $456.98 billion, the Commerce Department said Friday. Sales had climbed 0.2% in May, revised down from an earlier estimate of 0.5% growth.
....
Household spending was up broadly last month. Excluding autos, retail sales last month rose 0.7% from May. Excluding both autos and gasoline, sales also climbed 0.7%.
Economists surveyed by The Wall Street Journal had expected headline sales would rise a more modest 0.1% and sales excluding autos would climb 0.4% in June.
Read more: http://www.wsj.com/articles/u-s-retail-sales-jumped-0-6-in-june-1468586181
"Headline sales"?
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