June retail sales inch up 0.1%, beating forecasts
July 14, 2011, 8:30 a.m. EDT
WASHINGTON (MarketWatch) - Sales at U.S. retailers increased 0.1% in June, the Commerce Department estimated Thursday, beating forecasts of a 0.2% drop. Sales in May were revised slightly higher to a 0.1% fall from the initial estimate of a 0.2% decline. Despite the better-than-expected headline, the data shows that consumers are pulling back given the weak labor market and other headwinds. Core sales, excluding autos, gasoline and building materials, rose 0.1% in June. This is the smallest gain since July 2010.
http://www.marketwatch.com/story/june-retail-sales-inch-up-01-beating-forecasts-2011-07-14?siteid=
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