June Retail Registers Sales Gains

by MR Magazine Staff

Americans spent more money at retailers and factories revved up production in June, offering encouraging signs of the U.S. economy’s resilience in the face of global headwinds. Industrial production shot up 0.6 percent, fueled by a big 
rebound in auto output. It was the best showing since last August. Meanwhile, retail sales also rose 0.6 percent last month, three times the gain in May, with 
demand strong in a number of areas. Inflation pressures remained modest, with consumer prices climbing 0.2 percent in June. Prices are up just 1 percent from a year ago, still well below the Federal Reserve’s 2 percent target. Read more at Boston Herald.