Market Updates
Retail Sales Growth Slowed to 2.3% Annual Pace In June
Brian Turner
16 Jul, 2024
Washington, D.C.
Retail sales strength and the expected rate cut in the next three months drove investors to consumer cyclical stocks, which rely on economic conditions, namely automobile, housing, retail, and entertainment stocks.
Retail and food services sales, not adjusted for inflation but adjusted for calendar, increased 2.3% in June, according to the monthly update released by the U.S. Census Bureau.
May retail sales were upwardly revised to a 2.6% annual pace, but the sales increase in June slowed to a three-month low.
Retail and food services sales were unchanged from the previous month at $704.3 billion; motor vehicles and parts sales eased to $130.7 billion from $133.3 billion; and gasoline station sales eased to $51.9 billion from $53.3 billion in the previous month, respectively.
Nonstore retail sales increased 1.9%, gasoline station sales decreased 3%, and motor vehicle and parts dealer sales fell 2% in June from the previous month.
On a monthly basis, retail and food services sales stalled in June, following an upwardly revised 0.3% increase in the previous month.
Annual Returns
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|