16.07.201808:36:00UTC+00U.S. Retail Sales Climb In Line With Economist Estimates In June

Retail sales in the U.S. increased in line with economist estimates in the month of June, according to a report released by the Commerce Department on Monday.

The report said retail sales climbed by 0.5 percent in June after soaring by an upwardly revised 1.3 percent in May. Economists had expected sales to rise by 0.5 percent compared to the 0.8 percent increase originally reported for the previous month.

Excluding a jump in auto sales, retail sales still rose by 0.4 percent in June following a 1.4 percent spike in May. The increase in ex-auto sales also matched economist estimates.