Key Insights into the Latest Trends in US Retail Sales for June

Tuesday, 16 July 2024, 12:38

The latest data shows that US retail sales remained steady at USD 704.3B in June, surpassing market expectations. Notably, ex-auto sales saw a 0.4% month-over-month increase to USD 573.6B, outperforming the projected growth rate. Additionally, ex-gasoline sales rose by 0.2% to reach USD 652.4B, while the combined ex-auto and gasoline sales showed a robust 0.8% growth to USD 507.1B. These positive figures indicate a healthy consumer spending trend in the US retail sector.
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Key Insights into the Latest Trends in US Retail Sales for June

Key Insights:

The US retail industry saw steady sales at USD 704.3B in June.

Notable Growth:

Ex-auto sales surged by 0.4% to USD 573.6B, surpassing expectations.

Ex-gasoline sales also recorded an increase of 0.2% to USD 652.4B.

Combined Sales Performance: Ex-auto and gas sales grew by 0.8% to USD 507.1B.

  • Steady retail sales support positive consumer sentiment.
  • Ex-auto sales depict strong consumer demand.
  • Growth in ex-gasoline sales signals increased consumer spending.
  • Overall retail sector shows resilience and stability.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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