Retail sales in the U.S. rose by much less than anticipated in the month of June, according to a report released by the Commerce Department on Monday.
The report said retail sales increased by 0.4 percent in June compared to a downwardly revised 0.5 percent increase in May.
Economists had been expecting retail sales to jump by 0.8 percent compared to the 0.6 percent growth originally reported for the previous month.
Excluding a notable increase in auto sales, retail sales came in unchanged in June versus economist estimates for a 0.5 percent increase.
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