New Delhi, July 18 -- Consumers picked up their spending in June after an earlier pullback, despite anxiety over tariffs and the state of the U.S. economy.
Retail sales rose a better-than-expected 0.6% in June, the Commerce Department said Thursday, after two consecutive months of spending declines, a 0.1% pullback in April and a 0.9% slowdown in May.
Retail was buoyed earlier in the year by car sales as Americans attempted to get ahead of President Donald Trump's 25% duty on imported cars and car parts.
The erratic consumer spending is taking place during a period of mixed signals about the economy as well. The U.S. economy shrank at a 0.5% annual pace from January through March, but the U.S. job market is proving to be very resilient...
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