Retail sales in US probably rose as Americans spent rebates
Retail sales in the US probably rose in June as Americans spent tax rebates and record gasoline prices boosted receipts at service stations, economists said before a government report today.
US retail sales rose a seasonally adjusted 0.4% to $366.4 billion in April, the seventh straight increase and the 12th gain in the past 13 months, led by strong sales at hardware stores and garden centers, the US Census Bureau, part of the Department of Commerce, estimated.