Re­tail sales fol­low May slump with smaller swoon in June

Austin American-Statesman - - BUSINESS & PERSONAL FINANCE -

Re­tail sales fell in June for the sec­ond straight month, more ev­i­dence that the re­cov­ery will slow in the sec­ond half of the year.

Re­tail spend­ing dropped 0.5 per­cent in June, the Com­merce Depart­ment re­ported. That fol­lowed a 1.1 per­cent fall in May. Ex­clud­ing au­tos, spend­ing was down 0.1 per­cent in June.

Much of the weak­ness last month came from a drop in auto sales and a de­cline in gaso­line prices. Ex­clud­ing au­tos and gaso­line, sales would have risen 0.1 per­cent in June af­ter hav­ing plunged 1 per­cent in May.

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