US retail sales post solid rise in June


Save Story

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

WASHINGTON (AP) — U.S. retail sales posted a healthy increase in June, another sign that consumer spending picked up in the spring.

The Commerce Department says sales at retailers and restaurants rose 0.6 percent from May after, after a 0.2 percent climb in May. Sales were up 2.7 percent from a year earlier. Excluding volatile spending on cars and auto parts, sales were up 0.7 percent.

Spending on building materials and gardening supplies surged 3.9 percent, the most since April 2010.

Consumers got off to a slow start this year, which is one reason the economy grew at a lackluster 1.1 percent annual pace from January through March. Economists expect spending to drive faster growth from April through June and the rest of the year.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

PAUL WISEMAN

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Notice.
    Newsletter Signup

    KSL Weather Forecast

    KSL Weather Forecast
    Play button