US retail sales remain steady at $704.3B in June

ISTANBUL

US retail sales in June showed no change from the previous month and remained steady at $704.3 billion, according to advance figures released Tuesday by the US Commerce Department.

The market estimate for the figure was to show a decrease of 0.3%.

The May figure, on the other hand, was revised upward from a gain of 0.1% to an increase of 0.3%.

On an annual basis, retail sales were up 2.3% in June, compared to the same month last year.

"Total sales for April 2024 through June 2024 period were up 2.5 percent from the same period a year ago," the department said in a statement.

Retail trade sales, however, were down 0.1% in June from the previous month, but they were up 2% compared to the same month of last year.

The annual gains in figures indicate that consumer demand still remains high in the world's largest economy.

ISTANBUL

US retail sales in June showed no change from the previous month and remained steady at $704.3 billion, according to advance figures released Tuesday by the US Commerce Department.

The market estimate for the figure was to show a decrease of 0.3%.

The May figure, on the other hand, was revised upward from a gain of 0.1% to an increase of 0.3%.

On an annual basis, retail sales were up 2.3% in June, compared to the same month last year.

"Total sales for April 2024 through June 2024 period were up 2.5 percent from the same period a year ago," the department said in a statement.

Retail trade sales, however, were down 0.1% in June from the previous month, but they were up 2% compared to the same month of last year.

The annual gains in figures indicate that consumer demand still remains high in the world's largest economy.