July 14 (UPI) — U.S. retail sales fell for a second consecutive month in June, a U.S. Census Bureau report released Friday said.
Sales at retailers declined 0.2 percent in June, after a 0.1 percent drop in May. The figures suggest the U.S. economy is not rebounding after slow growth in the first quarter of 2017. This could influence the Federal Reserve‘s decisions regarding how slowly economic stimuli are removed from the economy, the finance website Marketwatch said Friday.
Sales fell in categories of groceries, restaurants, bookstores and department stores. Gas station sales had the largest monthly drop, at 1.3 percent in June. Still, sales in June were 2.8 percent higher than in June 2016.
Internet retailers increased market share, largely at the disadvantage of traditional department stores; “non-store sales” grew by 0.4 percent, the Census Bureau data indicated.