Home / Knowledge / News / Apparel/Garments / June retail sales show growing but measured economy – NRF
June retail sales show growing but measured economy – NRF
16
Jul '13
Consumer spending and retail sales ended the second quarter on a soft note, indicating that economic growth and acceleration has weakened.

According to the National Retail Federation, the world’s largest retail trade association, June retail sales (excluding automobiles, gas stations and restaurants) increased 0.6 percent seasonally adjusted from May and increased 3.0 percent unadjusted year-over-year.

“Consumers remain wary,” NRF President and CEO Matthew Shay said. “Even though healthy home prices and stock values are helping to improve confidence and spending, stagnantly-high unemployment, higher taxes and lingering policy uncertainty continue to keep shoppers and economic growth at bay. The recovery is solid and good but its pace remains measured and modest.”

June retail sales, released by the U.S. Department of Commerce and U.S. Census Bureau, showed that total retail and food services sales (which include non-general merchandise categories such as automobiles, gasoline stations, and restaurants) increased 0.4 percent seasonally adjusted month-to-month and increased 5.7 percent adjusted year-over-year.

“The consumer economy is improving but growth rates and retail sales will remain reserved for the foreseeable future,” NRF Chief Economist Jack Kleinhenz said. “U.S. households have adjusted their spending to a slow-growth economy. With employment and consumer confidence improving, we expect that the second half will be better than the first.”

Other findings from the June retail sales report include:

- Building material and garden equipment and supplies dealers stores’ sales decreased 2.2 percent seasonally-adjusted yet increased 6.1 percent unadjusted year-over-year.

- Clothing and clothing accessories stores' sales increased 0.7 percent seasonally-adjusted month-to-month and increased 3.4 percent unadjusted year-over-year.

- Electronics and appliance stores’ sales decreased 0.1 percent seasonally-adjusted month-to-month and decreased 2.3 percent unadjusted year-over-year.

- Furniture and home furnishing stores’ sales increased 2.4 seasonally-adjusted month-to-month and increased 1.6 percent unadjusted year-over-year.

- General merchandise stores’ sales increased 0.1 percent seasonally-adjusted month-to-month and increased 0.7 percent unadjusted year-over-year.

- Health and personal care stores’ sales increased 0.2 percent seasonally-adjusted month-to-month and increased 0.7 percent unadjusted year-over-year.

- Nonstore retailers’ sales increased 2.1 percent seasonally-adjusted month-to-month and increased 11.5 percent unadjusted year-over-year.

- Sporting goods, hobby, book and music stores’ sales increased 0.7 percent seasonally-adjusted month-to-month and increased 0.2 percent unadjusted year-over-year.

As the world’s largest retail trade association and the voice of retail worldwide, NRF represents retailers of all types and sizes, including chain restaurants and industry partners, from the United States and more than 45 countries abroad. Retailers operate more than 3.6 million U.S. establishments that support one in four U.S. jobs – 42 million working Americans.

National Retail Federation

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search