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Retail sales soar in June

July 16, 2019


Retailers’ June performance, which beat most expectations, demonstrates that the U.S. consumer remains “engaged,” according to a statement from NRF Chief Economic Jack Kleinhenz emailed to Retail Dive. But he warned that tariff concerns could inflict some pain later in the year.

“The numbers are consistent with elevated consumer sentiment, healthy household balance sheets, low inflation and wage and job gains,” he said. “The year-over-year growth is particularly significant given that it comes on top of strong gains at this time last year. While the prospect of tariff increases has subsided for the moment, trade uncertainties continue to weigh on the long-term outlook.”

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