fbpx window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'UA-159596293-1');

US retail sales rebound, for now


US retail sales grew 7.5% monthly in June, marking another month of growth and continuing their bounce back to normalcy after the pandemic-driven plunge earlier this spring.

But two key factors could make June’s gains in retail sales short-lived.

1. Coronavirus cases are surging again. As a result, some states and regions are walking back reopening.

2. Government aid is about to run dry. Retail’s recovery was likely aided by the CARES Act stimulus checks and the $600 weekly federal unemployment benefit.