US retail increased faster-than-expected

On a monthly basis US retail sales increased by 0.6 percent in June, which exceeded the 0.1 percent growth forecasting consensus – portfolio.hu wrote.

According to the Trade Ministry, retail sales were 0.6 percent higher in June, compared to May, while compared to the same period of last year, the increase was 2.7 percent.

The datas of April and May were corrected upwards, so these new figures indicate that US growth was great in the second quarter. (portfolio.hu)