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Americans increase spending modestly in June as inflation eases and the job market remains strong - Vimarsana News

Americans increase spending modestly in June as inflation eases and the job market remains strong

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.

Source: yahoo.com
Americans Increase Spending Modestly in June as Inflation Eases - Vimarsana News

Americans Increase Spending Modestly in June as Inflation Eases

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.

Retail sales increase 0.2% in June: Commerce Department - Vimarsana News

Retail sales increase 0.2% in June: Commerce Department

The American consumer is still spending.

Americans increase spending modestly in June as inflation eases, job market stays strong - Vimarsana News

Americans increase spending modestly in June as inflation eases, job market stays strong

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

Americans bump up spending in June as inflation eases i... - Vimarsana News

Americans bump up spending in June as inflation eases i...

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