by Mike ‘Mish’ Shedlock
Retail sales jumped in June albeit from a decidedly weaker than initially reported May.
From Bloomberg Econoday […]
June proved a fabulous month for the consumer though May, after revisions, proved only so so. Flat vehicle sales could not hold back retail sales which jumped a much higher-than-expected 0.6 percent in June, with May revised however 3 tenths lower to plus 0.2 percent. Excluding vehicles, June retail sales surged 0.7 percent as did the key ex-auto ex-gas reading.