Retail Sales Declined 0.5% in June, Commerce Dept. Says

U.S. retail sales slipped 0.5 % in June from a month earlier to a seasonally adjusted $360.2 billion. The figure is a 4.8% gain from June 2009, the Commerce Department said in a statement.

Minus autos, the sales drop in June was a much narrower 0.1%. Motor vehicle sales slipped 2.3%, and gasoline was 2% lower in June, so these two categories were the major drag on June sales. While weaker than expected, the June number was an improvement over May's 1.1% overall decline.
Read Full Story
  • DJI26763.13-525.05-1.92%
    NASDAQ10632.99-330.65-3.02%
  • NIKKEI 22523087.82-258.67-1.11%
    Hang Seng23311.07-431.44-1.82%
    DAX12602.49-40.48-0.32%
  • USD (PER EUR)1.16-0.0019-0.16%
    USD (PER CHF)1.08-0.0030-0.28%
    JPY (PER USD)105.410.07900.08%
    GBP (PER USD)1.270.00020.01%

From Our Partners