Retail Sales in U.S. Climb More Than Forecast in Broad Advance
Shoppers walk past a J. Crew retail store along Lincoln Road Mall in Miami Beach.
Photographer: Lynne Sladky/AP PhotoThis article is for subscribers only.
Sales at U.S. retailers rose more than forecast last month in a broad advance that shows consumers delivered for the economy in the second quarter.
The 0.6 percent increase in June retail receipts exceeded the highest estimate in a Bloomberg survey and followed a 0.2 percent gain the previous month that was smaller than previously estimated, Commerce Department figures showed Friday. So-called core sales, used to calculate gross domestic product, rose a larger-than-projected 0.5 percent for a second month.