Jul
17
Economy Watch: Retail Sales See Healthy Increase in June
ByJune was a good month for the U.S. economy, with it not only seeing increased job creation but also a decent increase in retail sales for most sectors.
The American economy not only created more jobs in June than expected, it inspired a decent increase in U.S. retail sales, with the Census Bureau reporting on Friday than overall sales were up for the month by 0.6 percent. Factoring out car sales, the increase was even more: 0.7 percent. Compared with June 2015, retail sales were up 2.7 percent.
Car sales, which have been one of the strong points of all retail sales in recent years, didn’t have such a strong June. That category eked out a gain for the month of only 0.1 percent. For the year, the rate is slowing down as well, with sales up 1 percent…
