June retail sales data tops expectations

June retail sales surged .6 percent over the prior month, according to the U.S. Commerce Dept. Apparel, restaurants & bars, and health & beauty care sales helped drive the results. KPMG Senior Economist Ken Kim says the stronger-than expected results point to strong GDP growth for the second quarter, which will be reported on July 29.   


To speak with Ken Kim please contact Matt Weiss.

Media contact

Matt Weiss

Matt Weiss

Director, Industry Communications, KPMG US

+1 201-307-8138

 

 

Kenneth Kim

Kenneth Kim

Senior Economist, KPMG US

+1 212-954-6144

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