Home / Breaking News / US Retail Sales Up 7.5% in June

US Retail Sales Up 7.5% in June

Retail sales in the United Stated increased by 7.5% in June, beating market expectations, according to data by the US Department of Commerce on Thursday.

The growth in retail sales is attributed to many businesses reopening, as restrictions against the coronavirus (COVID-19) were eased across many states.

In May, retail sales saw a record increase of 18.2%.

Check Also

Post NFP: Is the Swiss Franc’s Rally Exposing a Deeper Flaw in the US Economy?

For years, the US dollar has been the dominant force in global finance. Yet, its …