Business

U.S. Retail Sales Rose 1% in June

By AdminJuly 15, 2022

Shoppers boosted retail spending in June by 1.0% as they faced higher inflation and an uncertain economic outlook.

June’s increase came after sales declined slightly in May, the Commerce Department said Friday. Consumers spent more last month across a range of goods that also surged in price, including furniture, groceries and gas. They also spent more at restaurants, as dining out became more expensive.

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