-
U.S. retail sales rose 7.5% in June, vs 5.0% increase expected
U.S. retail sales increased more than expected in June, but the budding economic recovery is being threatened by a resurgence in new Covid-19 infections and high unemployment. The Commerce Department said on Thursday retail sales rose 7.5% last month. That was on top of the 18.2% jump in May, which was the biggest gain since the government started tracking the series in 1992. Economists polled by Reuters had forecast retail sales advancing 5% in June. Retail sales have rebounded as businesses resumed operations after being shuttered in mid-March in an effort to slow the spread of the coronavirus. But new cases of the ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jul 16, 2020 8:56am Jul 16, 2020 8:56am
- ashimkhan
- | Joined Jan 2013 | Status: Member | 264 Comments
- Comment #2
- Quote
- Jul 16, 2020 9:53am Jul 16, 2020 9:53am
- spsc9
- | Joined Apr 2020 | Status: Member | 2 Comments
- Comment #3
- Quote
- Jul 16, 2020 10:54am Jul 16, 2020 10:54am
- hesron
- Joined Dec 2012 | Status: Member | 1917 Comments
Follow price direction