Retail sales rose more than expected in June as consumers remain resilient despite inflation

Retail sales rose more than expected in June as consumers remain resilient despite inflation

• Retail sales rose 1% in June, slightly better than the 0.9% estimate.
• The numbers are not adjusted for inflation, which rose 1.3% on a monthly basis, indicating that real sales still were slightly negative.
• Gasoline stations, online sales, and bars and restaurants were some of the biggest contributors.

https://www.cnbc.com/2022/07/15/retail-sales-june-2022-.html