US retail sales lose steam in June as consumers spend less on gasoline
Business
Finance
July 16, 2026
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WASHINGTON, United States (AFP) — US consumers slowed their spending in June while energy costs fell, government data showed Thursday, cooling retail sales as further uncertainty looms from the Middle East war.
Retail sales ticked up by 0.2 percent month-on-month to $768.6 billion, in line with analysts’ expectations, said the Commerce Department.
This was a notable deceleration from the 1.0 percent jump in May, the report added.
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