US retail and food services sales posted a monthly rebound in June, following the three-month low recorded the previous month.
- Seasonally adjusted advance estimates show that retail and food services sales stood at $621.3 billion in June, up 0.6% from the previous month and $18.0% higher than the $526.6 billion the same month in 2020.
- Retail trade sales for the month were recorded at $550.782 billion, up 0.3% from May’s $548.987 billion and up 15.6% from June 2020’s $476.343 billion.
- Growth was seen in electronics and appliances, food and beverages, groceries, health and personal care, gasoline, clothing and accessories, general merchandise, department stores, among others.
- Declines were reported in motor vehicles and parts dealers, furniture and home furnishings, building materials, and sporting goods.
- Sales of food services and drinking places were reported at $70.558 million, up 2.3% from the previous month’s $89.951 million and 40.2% higher than June 2020’s $50.316 million.
The April to May percent change was revised lower to -1.7% from -1.3%.
XRT is up 0.90%, while RTH is down 0.05%.
Source: US Census Bureau
