Retail Sales Unexpectedly Sink 2nd Month: Supposedly Car Sales Rise 3rd Month

MishTalk

The consumer has all but thrown in the towel as retail sales unexpectedly declined for the second month.

The Econoday consensus was for a weak bounce to +0.1% but sales came in at -0.2%.

Revisions did take May from -0.3% to -0.1% so sales were essentially flat for the last two months.

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