U.S. retail and food-service sales reached an estimated $768.6 billion in June, up 0.2 percent from May and 6.7 percent from a year earlier, the Census Bureau reported July 16.

May's monthly increase was revised to 1.0 percent from the previously reported 0.9 percent. The June reading was the fifth consecutive monthly gain, but it was also the smallest increase in that run.

The headline total was restrained in part by lower receipts at gasoline stations. Independent reporting on the underlying tables noted firmer spending on motor vehicles and at online retailers, suggesting household demand remained resilient even as consumers continued to be selective.

These are advance estimates and are subject to revision. They are adjusted for seasonal and calendar effects but not for price changes, so the 6.7 percent yearly increase should not be interpreted as the same amount of growth in the volume of goods purchased.

Source: U.S. Census Bureau ↗

Source: Reuters ↗