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U.S. retail sales climb again in June after jumbo gain in May

“Gas stations posted a 1% increase last month and sales are up a whopping 21.6% in the past year” writes Jeffry Bartash for marketwatch.com. Retail sales have increased 6.6% over the past 12 months, slightly above the long-run average since 1980.Americans raised spending in the spring on a variety of goods and services, spurring businesses to increase hiring and production.The increase last month followed an even bigger burst of spending in May, when sales grew a revised 1.3% instead of previously reported 0.8%.
 
Source: marketwatch.com



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