June retail sales should be strong from a pickup in spending before new virus outbreak slowed activity

(CNBC) Retail sales in June are expected to have gained 5.2% as the economy reopened, but sales could have trailed off towards the end of the month as the virus outbreak worsened. According to Dow Jones, economists expect sales rose 5% when excluding vehicle sales. May sales jumped by a surprising 17.4%, and 17.2% excluding automobiles, as states first reopened their economies.

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