• Analytics
  • News and Tools
  • Market News
  • U.S. retail sales rise more than forecast in June
U.S. retail sales rise more than forecast in June
16.07.2020, 12:51

U.S. retail sales rise more than forecast in June

The Commerce Department announced on Thursday the sales at U.S. retailers jumped 7.5 percent m-o-m in June, following a revised 18.2 percent m-o-m surge in May (originally a 17.7 percent m-o-m climb).

Economists had expected total sales would jump 5.0 percent m-o-m in June.

According to the report, sales at clothing stores, electronics and appliances, furniture and sporting goods, music and books posted the biggest gains in June, while sales at food and beverage stores fell.

Excluding auto, retail sales rose 7.3 percent m-o-m in June after a revised 12.1 percent m-o-m climb in the previous month (originally a 12.4 percent m-o-m surge), better than economists’ forecast of a 5.0 percent m-o-m gain.

In y-o-y terms, the U.S. retail sales increased 1.1 percent in June after a revised 5.6 decrease in the previous month (originally a 6.1 percent drop). This was the first increase since February.

© 2000-2020. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Live Chat E-mail
Choose your language / location