June retail sales lesson: Consumers' mobility as the economy reopened

On July 16, the Census Bureau released the June retail sales numbers that many economists considered better-than-expected. Total Retail & Food Service Sales in June went up by 7.5% from May. According to Reuters, economists attributed the second straight monthly increase in retail sales to the government's additional weekly $600 checks for the unemployed. We also know that the economy started opening in May and by June, there were social gatherings and people were traveling. Is THAT the primary reason why retail sales have been climbing? To answer this question, we need to go deeper than Total Retail & Food Services Sales. Please tune in to learn more. In order to arm yourself with the latest market intelligence, including a benchmarking tool for a wealth of economic indicators, please contact us at ClientCare@IndustryIntel.com