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US retail sales point to a second-quarter consumer rebound
June US retail sales matched market expectations, rising 0.2% month-on-month at the headline level with the control group, which excludes volatile items (gasoline, food service, autos, building materials), and better tracks broader consumer spending trends, rising 0.5% MoM. Remember these are dollar value figures and lower gasoline prices meant gasoline station sales fell 5.3% MoM. Non-store (internet) sales continue to be the main source of growth, rising 1.9% MoM, likely boosted by Amazon Prime Day. In year-on-year terms, sales are up 18% for this component versus 8.4% YoY for total sales. Sporting goods also saw ... (full story)
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Retail and food services sales in the United States advanced by 0.2% in June compared to last month's figures, landing at $768.6 billion, the US Census Bureau revealed in its report published on Thursday. Meanwhile, compared to the corresponding month in 2025, the figure went up 6.7%. Total sales for the period April 2026 through June 2026 were up by 6.4% ...
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From economics.bmo.com | 6 hr ago
Sturdy retail sales in the second quarter suggest consumers largely shrugged off higher fuel costs. Sales rose an expected 0.2% in June following an upwardly revised increase of 1.0% in May. Sales were mixed across outlets, with autos driving the gain. A pullback in fuel prices dragged down service stations receipts. The control measure of sales that ...
