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Retail Sales Rose 1% in June
Source: The Wall Street Journal.
ECONOMY * U.S. ECONOMY
U.S. Retail Sales Rose 1% in June
Consumers spent more across a range of goods while inflation reached new four-decade high
By Sarah Chaney Cambon and Rina Torchinsky
https://twitter.com/sechaney
sarah.chaney@wsj.com
https://twitter.com/rinatorchi
Rina.Torchinsky@wsj.com
Updated July 15, 2022 8:46 am ET
Shoppers boosted retail spending in June by 1% even though they faced higher inflation and an uncertain economic outlook.
June’s increase came after sales declined slightly in May, the Commerce Department said Friday.
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Read more: https://www.wsj.com/articles/retail-sales-june-rose-consumers-inflation-11657833254