ETFs & Funds
Home›ETFs & Funds›Fund Industry›Retail sales rise in June as car buying and Prime Day…
Retail sales rise in June as car buying and Prime Day boost demand
Retail sales increased in June, with Americans buying more new cars and spending more online during Amazon’s annual Prime Day summer sales event, a combination that points to steady consumer demand.
MarketWatch said the June increase at retailers supported the view that the U.S. economy has not lost momentum.
The report linked the improvement to both auto purchases and higher e-commerce activity tied to Prime Day, suggesting consumers stayed willing to spend across categories.
← Newer storyUS May business inventories rise in line with expectationsOlder story →Sen. Rounds praised Warsh’s tone in first Fed chairman testimony