search

Web Search powered by YAHOO! SEARCH
Jul 15, 8:32 AM EDT

US retail sales rose a healthy 0.6 percent in June in a reassuring sign for the economy



Multimedia
A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
South Korea's economic growth has improved during the second quarter thanks to stronger private consumption and increased housing construction

A closely watched index of German business optimism has declined in July following Britain's vote to leave the European Union

Global finance officials promised Sunday to protect the world economy from the shockwaves of Britain's European Union referendum and to boost sluggish growth

Britain's economy appears to be shrinking at its fastest pace since the global financial crisis as a result of the vote to leave the European Union, but the rest of the region is holding up well, surveys showed Friday

South Korea's central bank says North Korea's economy shrank 1.1 percent last year, in its first contraction in five years

Egypt's currency falls to new lows on the black market; media reports say it reached levels of 12 pounds to the dollar

The head of the European Central Bank says the eurozone economy could be given a further dose

Hedge funds representing a group of Puerto Rico bondholders sued the U.S. territory on Wednesday, saying it violated the terms of a rescue package recently approved by Congress to help pull the island out of a dire economic crisis

Libya's dinar is plunging to a new low on the black market amid continued political deadlock in this oil-rich country

The Polish government is backing a plan to lower the retirement age to 60 for women and 65 for men, from the current level of 67 for all

WASHINGTON (AP) -- U.S. retail sales posted a healthy increase in June, another sign that consumer spending picked up in the spring.

The Commerce Department says sales at retailers and restaurants rose 0.6 percent from May after, after a 0.2 percent climb in May. Sales were up 2.7 percent from a year earlier. Excluding volatile spending on cars and auto parts, sales were up 0.7 percent.

Spending on building materials and gardening supplies surged 3.9 percent, the most since April 2010.

Consumers got off to a slow start this year, which is one reason the economy grew at a lackluster 1.1 percent annual pace from January through March. Economists expect spending to drive faster growth from April through June and the rest of the year.

© 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.

advertisement