US Retail Sales Up 1% in June, Beat Expectations

The United States retail sales increased by 1 percent in June amid price increases.

The record surpassed the 0.8 percent expectation and recovered from last month’s 0.1 percent drop.

This month’s retail sales surpassed June 2021’s record by 8.4 percent.

Retail sales from gasoline stations marked the highest increase, with 3.6 percent. The latest data shows a 49.1 percent increase from June 2021.

Nonstore retailers, including electronic shopping and mail-order houses, recorded 2.2 percent.

Both miscellaneous store retailers and furniture and home furniture stores recorded a 1.4 percent increase.

Building materials, garden equipment, and supplies dealers saw the most significant decline at -0.9 percent. Clothing and clothing accessories stores, health and personal care stores, general merchandise stores, and department stores were also among those that marked a drop.

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