Page 3 - Simon Macadam News Today

Retail sales rose 0.2% from May to June, following a revised 0.5% increase the previous month, the Commerce Department reported Tuesday. The figure matched the pace of consumer inflation in June from the prior month, underscoring that shoppers are just about keeping up with pricing pressures. Shoppers increased spending at electronic stores and furniture and home furnishings stores after a recent pullback.

While the headline number of 0.2% was a bit weaker than expected, economists on Tuesday were focused on the number that excludes volatile autos, gas, building materials and food services, which rose a solid 0.6% in June.

The American consumer is still spending.

MEMPHIS, Tenn. - Americans increased their spending modestly last month as inflation eased in many areas and the job market remains remarkably strong.

Americans increased their spending last month as inflation eased in many areas, and the job market remained remarkably strong

But there is early evidence of a pushback at some of the countrys biggest food producers.

NEW YORK — Americans increased their spending last month as inflation eased in many areas and the job market remained remarkably strong.

Economists on Tuesday focused on the figure that excludes volatile autos, gas, building materials and food services, which rose a solid 0.6% in June.

Americans increased their spending last month as inflation eased in many areas, and the job market remained remarkably strong. Retail sales rose 0.2% from May to June, following a revised

Americans increased their spending last month as inflation eased in many areas, and the job market remained remarkably strong.