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U.S. consumers were more cautious opening their wallets last month as retail sales recorded their smallest increase since January, new government data show.
June retail sales rose by 0.2 percent, from an upwardly revised 1 percent gain in May, according to new data from the Census Bureau released on July 16.
This was in line with the consensus forecast.
Transactions were largely driven by motor vehicle and parts dealers and digital retailers, each of which climbed by 1.9 percent. Electronics and appliance stores also rose by almost 1 percent.
Amazon Prime Day contributed to the jump in digital sales, with industry experts estimating that the four-day event would top $26 billion….
June retail sales rose by 0.2 percent, from an upwardly revised 1 percent gain in May, according to new data from the Census Bureau released on July 16.
This was in line with the consensus forecast.
Transactions were largely driven by motor vehicle and parts dealers and digital retailers, each of which climbed by 1.9 percent. Electronics and appliance stores also rose by almost 1 percent.
Amazon Prime Day contributed to the jump in digital sales, with industry experts estimating that the four-day event would top $26 billion….
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