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.

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Matt Weiss

Industrial Manufacturing Corporate Communications Lead, KPMG US

+1 201-307-8138

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Kenneth Kim

Senior Economist, KPMG US

+1 212-954-6144

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Retail Sales Rise More Than Expected in June

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Matt Weiss

Kenneth Kim

Industry insights and research

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