US Retail Sales Rise 0.2% in June, Matching Expectations Amid Mixed Sector Performance

• US retail sales rose 0.2% in June, meeting forecasts.
• Control group sales increased 0.5% MoM.
• Internet sales up 1.9%, gasoline sales down 5.3%.

US retail sales advanced by 0.2% month-over-month in June, reaching a total of $768.6 billion, consistent with market expectations. This follows a revised 1.0% increase in May. On a year-over-year basis, total sales were up 6.7%. The retail control group, which excludes volatile components like autos, gasoline, and food services, rose by 0.5% month-over-month, indicating underlying consumer demand. Growth was primarily driven by non-store (internet) sales, which climbed 1.9%, and strong auto sales, while lower gasoline prices led to a 5.3% decline in gasoline station sales.