US retail sales surge in June, led by clothing demand

US retail sales surge in June, led by clothing demand

Following a disappointing contraction in Chinese retail sales overnight, US retail sales growth in June was expected to be lukewarm. However, it stood at 7.5% MoM against the expectation of 5% MoM. The growth was across the board led by a 105% MoM spike in clothing. But certain segments such as building materials -0.3%, F&B stores -1.2% and nonstore retailers -2.4% witnessed negative growth.

Milan
Milan
Pam
Pam 2 weeks

Buy AMERICA.

Dave
Dave 2 weeks

Everyone's jeans have shrunk during the last 5 months... *munch munch munch...

tim
tim 2 weeks

Ya I need some bigger shirts. :)

tenoclock
tenoclock 2 weeks

Nice.

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