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Friday, May 22, 2020
HomeNewsEconomyRetail Sales Solid in June, Big Upward Revision in May

Retail Sales Solid in June, Big Upward Revision in May

A shopper passes a ''Sale'' sign at Quincy Market in downtown in Boston, Massachusetts, U.S. January 11, 2017. (Photo: Reuters)
A shopper passes a ''Sale'' sign at Quincy Market in downtown in Boston, Massachusetts, U.S. January 11, 2017. (Photo: Reuters)

A shopper passes a ”Sale” sign at Quincy Market in downtown in Boston, Massachusetts, U.S. January 11, 2017. (Photo: Reuters)

U.S. retail sales in June posted a solid as-expected gain, while May saw a big upward revision from 0.8% to 1.3%.

The advance estimates of U.S. retail and food services sales for June 2018, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $506.8 billion. That’s an increase of 0.5% (±0.4%) from the previous month, and 6.6% (±0.5%) above June 2017.

Total sales for the April 2018 through June 2018 period were up 5.9% (±0.5%) from the same period a year ago. The April 2018 to May 2018 percent change was revised from up 0.8% (±0.5%) to up 1.3% (±0.2%). Retail trade sales were up 0.3% (±0.5%) from May 2018, and 6.4% (±0.5%) above last year.

Gasoline Stations were up 21.6% (±1.6%) from June 2017, while Nonstore Retailers were up 10.2% (±1.4%) 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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