Retail Sales Rise More Than Expected in June

U.S. retail sales rose 7.5% m/m in June, beating market expectations for 5% growth. The strong June data follows a historic 18.2% m/m increase in May’s retail sales data. KPMG Senior Economist Ken Kim offers some insights about the data and  how the continuing rise in COVID-19 cases threatens to impact some of the recent economic gains. 


To speak with Ken Kim please contact Matt Weiss.

Media contact

Matt Weiss

Matt Weiss

Industrial Manufacturing Corporate Communications Lead, KPMG US

+1 201-307-8138

 

 

Kenneth Kim

Kenneth Kim

Senior Economist, KPMG US

+1 212-954-6144

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