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US retail sales lose steam in June

Xenia. W by Xenia. W
16 July 2026
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US consumers pulled back in June as months of higher costs weighed on households, government data showed on Thursday, cooling retail sales while further uncertainty looms from the Middle East war.

Retail sales ticked up by 0.2 percent month-on-month to US$768.6 billion, in line with analysts’ expectations, said the country’s Commerce Department.

But this was a notable deceleration from the one-percent jump in May, the report added.

Excluding motor vehicles and parts, sales dropped by 0.2 percent.

Spending also fell at food and beverage stores, alongside health and personal care shops, the department added.

While sales at gasoline stations tumbled by 5.3 percent between May and June, this downturn coincided with a decline in energy costs amid hopes of a lasting ceasefire between the United States and Iran.

But hostilities have since resumed, sending prices higher again.

US-Israel strikes targeting Iran since late February had sparked Tehran’s pushback in nearly closing off the Strait of Hormuz, a key waterway for energy transport. Energy costs surged in the aftermath. (AFP)

Tags: BusinessFinance
Xenia. W

Xenia. W

Xenia is a Hong Kong–based writer and content creator focusing on financial markets, policy and the city’s evolving economic landscape. With over ten years of experience in higher education and tourism‑related projects, she specialises in transforming complex information into clear, reader‑friendly insights for both professional and general audiences. ​ Drawing on a background in bilingual Chinese–English translation and editing, Xenia writes across topics including Hong Kong and US stocks, market structure, macro trends and how policy shifts affect everyday investors.

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