U.S. retail sales in June grew more than expected! Demand for multiple categories increased

U.S. retail sales in June grew more than expected! Demand for multiple categories increased

It is learned that according to data from Mastercard SpendingPulse, total U.S. retail sales (excluding auto dealers, gas stations and restaurants) in June increased by 9.5% year-on-year, which was higher than expected.

Data showed that offline sales continued to rebound in June, up 10.7% year-on-year. E-commerce sales were slightly weaker, up 1.1% year-on-year. Overall, U.S. household consumer spending in June fell from May, but was comparable to the level at the beginning of 2022.

It is learned that due to the impact of inflation, sales of fuel and convenience products soared 42.1% in June, and grocery store sales surged 14.1%.

In addition, due to the relaxation of mask policies, the United States ushered in a tourism boom in June, with consumers' spending on air travel services increasing by 18.2% and spending on accommodation services soaring by 33.7%.

With the increase in outbound travel, people's demand for clothing and accessories has also surged. Sales of jewelry (16.2%) and clothing (13.1%) also saw double-digit year-on-year growth.

It is worth noting that in June, demand for electronic products (4.6%), home furnishings and furniture (4.2%), and luxury goods (4.0%) showed smaller increases.

From the perspective of various sectors, inflation has had different effects on Americans' basic consumer spending and disposable consumer spending. On the one hand, consumers spend more money on essential consumer goods such as food and fuel, and on the other hand, Americans are also pursuing a high quality of life, and going out for travel and dressing up are also popular.


Editor ✎ Nicole/

Disclaimer: This article is copyrighted and may not be reproduced without permission.

<<:  Another children's product has been urgently recalled! It has been sold in large quantities in Canada and the United States!

>>:  Costco's sales in June exceeded 22.7 billion US dollars! E-commerce sales increased by 7% year-on-year!

Recommend

What is the Amazon Effect? ​​Amazon Effect Review

The Amazon effect is when your company is destroye...

What is a Free Trade Agreement? Free Trade Agreement Review

A Free Trade Agreement is a legally binding contra...

What is a Work-Related Invention? Work-Related Invention Assessment

A work invention refers to a work invention or cre...

What is Haichuang Incubator? Haichuang Incubator Review

Haichuang Incubator (Haining Haichuang Incubator C...

Amazon puts robot distribution center into operation in Canada in preparation for peak shopping season

<span data-shimo-docs="[[20,"获悉,据外媒报道,近日亚马...

What is the Lighthouse Project? Lighthouse Project Review

eBay Seller Lighthouse Program is a program launch...

What is Severance Marketing? Severance Marketing Review

Founded in 2017, Savance Marketing (Shenzhen Savan...

A Brand Seller’s Guide to Amazon Business Strategy

Amazon's own and third-party sellers generated...

How to optimize SP ads? Don’t ignore these six Amazon advertising reports

For sellers using SP ads, having a report that can...

Over-employment erodes profits! Amazon and Walmart can no longer bear it

It is learned that in the past few months, compani...

What is Facebook Shops? Facebook Shops Review

On May 20, Facebook CEO Mark Zuckerberg announced ...