U.S. Retail Sales Unchanged In June
(RTTNews) - With steep declines in auto and gasoline sales offset by strength in other areas, the Commerce Department released a report on Tuesday showing U.S. retail sales came in unchanged in the month of June.
The Commerce Department said retail sales came in flat in June after rising by an upwardly revised 0.3 percent in May.
Economists had expected retail sales to come in unchanged compared to the 0.1 percent uptick originally reported for the previous month.
Excluding the sharp drop in sales by motor vehicle and parts dealers, retail sales climbed by 0.4 percent in June after inching up by 0.1 percent in May. Ex-auto sales were expected to creep up by 0.1 percent.
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