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Sunday, September 27, 2020
HomeNewsEconomyRetails Sales Continue to Decline in June

Retails Sales Continue to Decline in June

A woman pulls shopping carts through the aisle of a Target store in Torrington, Connecticut November 25, 2011. (Photo: Reuters)
A woman pulls shopping carts through the aisle of a Target store in Torrington, Connecticut November 25, 2011. (Photo: Reuters)

A woman pulls shopping carts through the aisle of a Target store in Torrington, Connecticut November 25, 2011. (Photo: Reuters)

The U.S. Census Bureau said retails sales in the U.S. continued to decline in June, falling 0.2% (±0.5 percent) to a total $473.5 billion. The latest report indicates consumer spending with have no help from retail sales regarding gross domestic product (GDP) in the second quarter (2Q).

The report missed the 0.1% median forecast, and declines were widespread.

Non-storeRetailers were up 9.2% (±1.8 percent) from June 2016, while Sporting Goods, Hobby, Book, & Music Stores were down 8.9% (±2.1 percent) from last year.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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