RTTNews - Retail sales increased by a little more than expected in the month of June, according to a report released by the Commerce Department on Tuesday, with the sales growth due in large part to increased sales by gas stations.
The report showed that retail sales rose 0.6 percent in June following an unrevised 0.5 percent increase in May. Economists had been expecting retail sales to increase by a somewhat more modest 0.4 percent.
Excluding a 2.3 percent increase in sales by motor vehicle and parts dealers, retail sales increased by 0.3 percent in June compared to a 0.4 percent increase in May. The increase in ex-auto sales came in below economist estimates of 0.5 percent growth.
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