image credit: Unsplash

US retail sales jump 7.5% in June, but economy still ails

July 16, 2020

Via: ABC News

BALTIMORE — U.S. retail sales climbed a solid 7.5% in June, a sign that the economy was healing right before infections from the coronavirus spiked again and dragged down hopes for a steady recovery.

The Census Bureau reported Thursday that retail sales are 1.1% higher than their levels from a year ago, after a brutal plunge in March and April was offset by a decent rebound in May and June. But any gains might be short-lived as infections began to rise toward the end of June.

Read More on ABC News