US: Retail sales increase by 0.5% in June to match expectations

Eren Sengezer FXStreet

"Advance estimates of U.S. retail and food services sales for June 2018 were $506.8 billion, an increase of 0.5 percent from the previous month, and 6.6 percent above June 2017," the U.S. Census Bureau announced on Monday.

Key takeaways from the official publication

Total sales for the April 2018 through June 2018 period were up 5.9 percent from the same period a year ago.
The April 2018 to May 2018 percent change was revised from up 0.8 percent to up 1.3 percent.
Gasoline Stations were up 21.6 percent from June 2017, while Nonstore Retailers were up 10.2 percent from last year.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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