Economic Watch: June Retail Sales Gain Only 0.2%
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.
More Fleet Management

Kodiak Lines Up Fleets for Driverless Trucking
An agreement for 75 trucks, a new Texas freight lane, and progress on safety validation move Kodiak closer to its planned driverless highway launch.
Read More →
ITS Logistics Settles Religious Harassment Case
The Nevada-based logistics firm agreed to pay more than $396,000 to settle a religious harassment charge involving an employee's Jewish identity.
Read More →
Your Trucks Are Busy. That Doesn’t Mean They’re Winning.
High utilization doesn’t always mean strong margins. Looking beyond the current load can help fleets make better dispatch decisions and get more value from each truck’s time.
Read More →
Why This Trucking Recovery Is Different
Freight demand remains sluggish, but rising costs and tougher enforcement have taken enough capacity out of the market to change the outlook for motor carriers.
Read More →
Platform Science Adds Dispatch and Safety Tools
Four additions to PS Fleet help fleets monitor loads, manage driver coaching, share truck locations and adjust video system settings.
Read More →
PrePass Intelligence Mines Fleet Bypass, Toll and Safety Data
PrePass Intelligence helps fleets measure bypass savings, flag potential toll overcharges, and spot suspicious transactions by combining data from separate systems.
Read More →
Motive Adds AI Agents for Fleet Operations
New tools automate follow-up on fleet data, from maintenance work orders to driver alerts, with two-way voice conversations planned for later this year.
Read More →Can You Beat Our Trucking Trivia Challenge?
Test your truck knowledge with 19 trivia questions from Heavy Duty Trucking Exchange. Can you keep up with the fleet pros?
Read More →
BeyondTrucks Adds Rules Checks to Dispatch
New Compatibility Engine checks driver qualifications, equipment requirements and fleet policies before loads are dispatched.
Read More →
Diesel Prices Hijack Trucking’s Worry List
ATRI’s annual survey finds cautious optimism about freight, but diesel costs, litigation, and insurance continue to squeeze fleets. Drivers have different priorities on several issues.
Read More →
