Mumbai, July 18 -- Retail sales in the U.S. rebounded by much more than expected in the month of June, according to a report released by the Commerce Department on Thursday.
The Commerce Department said retail sales climbed by 0.6 percent in June after slumping by 0.9 percent in May.
The stronger than expected retail sales growth partly reflected a notable rebound in sales by motor vehicle and parts dealers, which jumped by 1.2 percent in June after plunging by 3.8 percent in May.
However, excluding sales by motor vehicle and parts dealers, retail sales still rose by 0.5 percent in June after edging down by 0.2 percent in May. Ex-auto sales were expected to rise by 0.3 percent.
Sales by miscellaneous store retailers helped lead the way ...