Christopher Condon of Bloomberg reports that U.S. retail sales, excluding autos, rose by the most in three months. He writes:
US retail sales, excluding the impact of a cyberattack on auto dealerships, rose in June by the most in three months, a sign consumers regained their footing at the end of the second quarter.
Retail purchases less motor vehicles rose 0.4% last month after an upwardly-revised 0.1% advance in May. Total retail sales were unchanged, restrained by a 2% slide in receipts at auto dealers. The figures aren’t adjusted for inflation. […]
Data on personal consumption expenditures due later this month will provide more details on inflation-adjusted spending for both goods and services in June.
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