June retail sales edged up on autos, gasoline drops
Retail sales unexpectedly edged up in June as a rebound in receipts from auto dealers offset the biggest drop in gasoline sales in a year, a government report showed on Thursday.
Total retail sales rose 0.1 percent, the Commerce Department said, after a dipping 0.1 percent in May. Economists polled by Reuters had forecast sales slipping 0.1 percent.
Sales excluding gasoline rebounded 0.3 percent after declining 0.2 percent in May.
(Reporting by Lucia Mutikani; Editing by Padraic Cassidy)
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