US retail sales tick up in June
US retail sales rose 0.2 in June from May and are up 4.3 percent since last year, according tot he US Census Bureau. Sales of nominal 'discretionary items' such as home furnishings and consumers fell from May's levels but are higher compared to last year.
The US Census Bureau released its latest nominal read of retail sales showing increasing activity in June with sales rising 0.2 percent from May and 4.3 percent on a year-over-year basis on an aggregate of all items including food, fuel and healthcare services.
Nominal "discretionary" retail sales including home furnishings, home garden and building materials, consumer electronics and department store sales declined slightly, falling 0.31 percent from May but rising 1.73 percent above the level seen in June 2013 while, adjusting for inflation, “real” discretionary retail sales declined 0.48 percent on the month and falling 0.26 percent since June 2013.
The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here.To add or view a comment on a guest blog, please go to the blogger's own site by clicking on paper-money.blogspot.com.