
Retail sales increased in June, according to a new Commerce Department report, but the gain was far less than analysts were expecting.
Retail sales increased in June, according to a new Commerce Department report, but the gain was far less than analysts were expecting.


Retail sales increased in June, according to a new Commerce Department report, but the gain was far less than analysts were expecting.
The 0.2% pickup was broad based but well short of a 0.6% increase in consensus forecast of economists by Bloomberg News, and was the weakest performance since January.
Since a 1.5% rise in March, retail sales have continuously lost momentum, up 0.6% in April followed by a 0.5% rise in May and now just up 0.2% to end the quarter. Year-over-year retail sales are up 4.3%.
Auto sales fell 0.3% in June, the first monthly decline in five months. Excluding autos, retail sales rose 0.4% in June for the second consecutive month.
Despite the minimal headline rise, the monthly gain was widespread across categories with a rise in 9 of the 13 major categories.
“Since the short-lived rebound at the end of the first quarter, retail sales have shown little indication of sustainable momentum," said Lindsey Piegza, chief economist at the investment firm Sterne Agee. "While still positive, monthly gains in spending have weakened to just a fraction of the gains seen in February and March, pulling the annual gain down to nearly half of the pace seen just a year or two ago."
She said with job gains dominated by part-time, temporary and low-wage employment, wage pressures are virtually nonexistent, offering the consumer no additional spending power out in the marketplace.
“Those hopeful warmer weather alone would spark an upward trend in consumer spending have thus far been disappointed,” said Piegza, referring to hopes by some analysts earlier this year that cold weather was to blame for lackluster retail sales and a disappointing first quarter gross domestic product performance.

Speaking at the TMC Annual Meeting in Nashville, ATA President Chris Spear said trucking faces mounting pressure from rising fuel prices, geopolitical instability, and uncertainty around trade policy.
Read More →
More than 100,000 new trucking companies enter the industry each year, but regulators manage to audit only a fraction of them. That churn creates opportunities for inexperienced startups — and for “chameleon carriers” that shut down after safety violations and reappear under new identities. Read more from Deborah Lockridge in this commentary.
Read More →
HDTX is an intimate event that connects heavy-duty trucking fleet managers with industry suppliers through small-group discussions, educational sessions, and structured one-on-one meetings.
Read More →
New DAT One feature shows top-paying loads directly on an iPhone’s home screen, helping carriers react faster to spot-market opportunities.
Read More →
Optimal Dynamics says its new Scale platform uses AI agents and optimization to help carriers find and secure freight that improves network balance and profitability.
Read More →
DAT Freight & Analytics data shows tightening flatbed capacity, easing produce markets, and softening van and reefer rates.
Read More →
NACFE's Run on Less - Messy Middle project demonstrates the power of data in helping to guide the future of alternative fuels and powertrains for heavy-duty trucks.
Read More →
A federal court ruling allows New York City’s congestion pricing program to continue, leaving truck tolls in place for fleets delivering into Manhattan.
Read More →
Fontaine Modification has introduced a new customer portal designed to give fleets real-time visibility into the truck modification process, addressing one of the most common questions fleet managers face: “Where’s my truck?”
Read More →
Strong freight rates, rising volumes and tighter capacity push trucking conditions higher, though diesel prices could temper gains in the near term, FTR cautions.
Read More →