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US retail sales rose 0.2% in June, largely matching expectations

Inflation-adjusted retail sales increased 0.6% month over month, while gasoline station sales fell 5.3% due to lower fuel prices.

Reported · Written up by our desk · Major Pairs

U.S. retail and food services sales rose 0.2% month over month in June, matching expectations, according to data coverage by Action Forex and Forexlive.

On an inflation-adjusted basis, retail sales increased 0.6% for the month, while sales at gasoline stations declined 5.3% month over month.

Forexlive also flagged that ex autos retail sales came in at -0.1% versus the -0.1% expected outcome, after prior ex autos growth of +0.8%.

Additional details from Forexlive noted that ex autos and gas rose by 0.5%, compared with the prior reading, keeping the overall report close to market expectations.

Latest closeGasoline (RBOB) $3.156 ▼2.4%

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