Retail Sales Outperform Expectations in June

Retail Sales Outperform Expectations in June

The U.S. Commerce Department released June retail sales figures on Thursday that beat estimates, soaring 7.5% after an 18.2% jump in May, the biggest gain ever. While that shows great signs of a continued economic recovery, new shutdowns related to the surge in COVID-19 cases and continued high unemployment claims may slow the gains.