U.S. Retail Sales Surge in June amid Tariff Pressures
U.S. retail sales rose by 0.6% in June, better than expected, despite last month's 0.9% decline. The hike partly stems from tariff-related price increases, notably in household goods. Core retail sales, which exclude vital sectors, saw a 0.5% increase, hinting at ongoing consumer spending moderation.
Devdiscourse News Desk | Washington DC | Updated: 17-07-2025 18:09 IST | Created: 17-07-2025 18:09 IST
- Country:
- United States
In June, U.S. retail sales experienced a remarkable recovery, showing a 0.6% boost, a surprising upswing after a 0.9% decline in May, the Commerce Department announced. The unexpected increase is attributed partly to rising prices due to tariffs on various goods.
New data indicates significant price hikes in tariff-sensitive goods, such as household furnishings, appliances, and toys. Core retail sales, excluding automobiles, gasoline, building materials, and food services, increased by 0.5%, following a downwardly revised 0.2% in May.
According to Sam Bullard, a senior economist at Wells Fargo, while the household sector remains resilient, the trend suggests a potential moderation in consumer spending.
(With inputs from agencies.)
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