U.S. Retail Sales Jump as Consumers Grow More Confident

[mahatmakanejeeves]

Source: The Wall Street Journal.

U.S. Retail Sales Jump as Consumers Grow More Confident

June’s healthy gain points to stronger growth after a sluggish start to 2016

By Ben Leubsdorf
[e-mail]
@BenLeubsdorf

Updated July 15, 2016 10:49 a.m. ET

WASHINGTON—U.S. retail sales posted a healthy gain in June, a sign of sturdy consumer spending this spring that should support the broader economy headed into the second half of the year.

Sales at retail stores and restaurants rose 0.6% in June from the prior month to a seasonally adjusted $456.98 billion, the Commerce Department said Friday. Sales had climbed 0.2% in May, revised down from an earlier estimate of 0.5% growth.
....

Household spending was up broadly last month. Excluding autos, retail sales last month rose 0.7% from May. Excluding both autos and gasoline, sales also climbed 0.7%.

Economists surveyed by The Wall Street Journal had expected headline sales would rise a more modest 0.1% and sales excluding autos would climb 0.4% in June.

Read more: http://www.wsj.com/articles/u-s-retail-sales-jumped-0-6-in-june-1468586181

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"Headline sales"?

[Darb]

1. Way more important than emails, I'd say.

Don't fuck it up, America. Stay on course.

[JNelson6563]

2. But the economy is in ruins!!1!

[Astraea]

3. I'm still rather cautious

Just the fact that the banks are so huge now makes me shudder. If just one of them falls the whole economy goes to hell.

Until Glass-Steagall (or something like it) is instated, my money is staying where it is.

[Midnight Writer]

4. I am sure this effect is in anticipation of a Trump Presidency

Just like the 2008 economic collapse was in anticipation of an Obama Presidency.

There. See how easy it is to be a right wing nut case.