The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

Retail Sales Stall In June


WASHINGTON (AFP) – U.S. retail sales slowed in June to a halt except for continued growth in automobile sales, government data released Monday showed.

Retail and food services sales rose 0.4 percent from May, compared with a downwardly revised 0.5 percent rise the prior month, the Commerce Department said.

Analysts had expected a gain of 0.7 percent.

The rebounding auto industry was the strongest sign of life in retail sales, a key component of consumer spending that drives the bulk of the US economy.

Auto sales rose 1.8 percent from May, including a 2.1 percent increase in sales at dealerships.

Excluding motor vehicle and parts sales, retail sales were flat.

Furniture and home furnishing sellers had the biggest gain, with sales up 2.4 percent from May, followed by “nonstore” online retail sales, up 2.2 percent.

Miscellaneous retailers suffered the largest drop in sales, 2.5 percent. Sales at building material and garden supplies stores fell 2.2 percent.

Despite the lackluster June reading, compared with a year ago retail sales continued to show strength. Retail sales were up 5.7 percent from June 2012. In the April-June quarter, sales were 4.6 percent higher from a year ago.

Auto sales were up 12.9 percent from last year, while online retailers saw a 13.8 percent rise in sales.

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Reprinted with permission from DailyKos

The federal judge overseeing the Oath Keepers conspiracy case in the Jan. 6 Capitol insurrection ordered their trial delayed this week, primarily because of the overwhelming amount of evidence still being produced in their cases. Though the delay was expected, its reasons are stark reminders that Jan. 6 will be one of the most complex prosecutions in history and that the investigation remains very active as more evidence piles up. There are likely some very big shoes still to drop.

Keep reading... Show less

Reprinted with permission from DailyKos

COVID-19 is now the second-leading cause of death in the United States, despite the availability of safe, effective, and free vaccines. The promise of those vaccines showed itself when they first became widely available and COVID-19 dropped to be seventh on the list of causes of death.
Keep reading... Show less
{{ }}