June’s retail sales numbers came in strong — crushing expectations and signaling surprising consumer strength despite months of economic uncertainty. After a dip in May, retail sales surged 0.6% in June, triple what analysts predicted, putting the annualized growth rate at 3.9%.
What’s driving the bounce? Shoppers are still spending on cars, clothing, and home improvement, while categories like furniture and electronics lag. Even more impressive: credit card delinquencies are down, despite higher usage. It’s a strong report — and a clear A+ for the U.S. consumer.
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