Sharp Decline in Gas Station Revenue Masks True Consumer Strength: U.S. June Retail Sales Show 'Cool Exterior, Warm Interior,' with Core Consumption Rising 0.5% MoM, Beating Expec…
U.S. retail sales posted a modest increase in June, as declining gasoline prices—though sharply reducing revenue at gas stations—freed up household budget space, boosting consumer spending across multiple sectors including e-commerce and automobiles.
macro-dataearningsretail-salesPrice at publishQQQ 712.50 / -0.73%SPY 753.13 / -0.22%
Jul 16 · 08:56 ET · 20:56 UTC+8PremarketFutubull QQQ/SPY · Golden10 Data
U.S. June 'terrifying data' edged up slightly month-over-month, while the labor market remained resilient.
U.S. retail sales rose modestly by 0.2% month-over-month in June, falling short of expectations due to downward pressure from lower oil prices, but core consumer spending remained robust, supported by e-commerce promotions and major sporting events.
jobs-reportmacro-dataoilretail-salesPrice at publishQQQ 710.40 / -1.02%SPY 751.76 / -0.40%