U.S. retail sales unexpectedly rise in June

Reuters2021-07-16

WASHINGTON, July 16 (Reuters) - U.S. retail sales unexpectedly increased in June as demand for goods remained strong even as spending is shifting back to services, bolstering expectations that ...

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Comments

pa1407
2021-07-16
pa1407
Rise
Motivator
2021-07-16
Motivator
Tell me your opinion about this news...
Kuxz2021
2021-07-16
Kuxz2021
Up to the moon [Grin]
- Kuxz2021:
  Cannn! Double price cfm can! LOL[Tongue]
- pinkishmin:
  can go further to MARS? ??????
lee1234
2021-07-16
lee1234
Please like and comment
dandan_4896
2021-07-16
dandan_4896
Disclaimer: The comments, opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advice or recommendations.
ETCH
2021-07-16
ETCH
Ok
- OldMan69:
  me too
- Jason1989:
  Like and comment too

Leave a comment

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Data for May was revised down to show sales falling 1.7% instead of declining 1.3% as previously reported.\nEconomists polled by Reuters had forecast retail sales dropping 0.4%. But shortages of motor vehicles because of a global semiconductor supply squeeze, which is undercutting production, are hampering sales of automobiles.\nSales of some household appliances have also been impacted by the chip shortage.\n“We expect supply issues and dwindling auto inventories to continue to limit auto sales in the coming months,” said Veronica Clark, an economist at Citigroup in New York.\nDemand shifted to goods like electronics and motor vehicles during the pandemic as millions of people worked from home, took online classes and avoided public transportation.\nSpending is now rotating back to services like travel and entertainment, with at least 160 million Americans fully vaccinated against COVID-19. 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Double price cfm can! LOL[Tongue]","text":"Cannn! Double price cfm can! LOL[Tongue]","html":"Cannn! Double price cfm can! 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