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

Markets

DJIA 24,516.29 -141.51 -0.57%
NASDAQ 7,729.91 -51.61 -0.66%
NIKKEI 225 22,693.04 137.61 0.61%
HANG SENG 29,296.05 -400.12 -1.35%
DAX 12,511.91 -183.25 -1.44%
USD (per EUR) 1.16 0.00 0.31%
USD (per CHF) 0.99 0.00 -0.46%
JPY (per USD) 109.94 -0.41 -0.37%
GBP (per USD) 1.33 0.01 0.63%