Cashed-up US consumers still at it in June

16 July 2021

 

Summary:  US retail sales rise by 0.6% in June; rise in contrast to -0.5% expected; sales volatile so far in 2021 but “strong overall”; report alleviates concerns US consumers may turn cautious; rises in majority of retail categories; “vehicles and parts” the largest single influence, falls 2%.   US retail sales had been trending up since late 2015 but, commencing in late 2018, a series of weak or negative monthly...

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