Dive Summary:

• According to figures released by the U.S. Commerce Department, total retail sales for June have risen, but less than initially expected by some retail analysts.
• Sales for U.S. retailers during the month of June came in at 0.4%, lower than the revised predictions from economists for a 0.8% overall increase in total sales.
• "This all means that annualized real consumption growth in the second quarter may have been between 1.0-1.5%, down from the 1.5-2.0% we previously expected," states Paul Dales, a senior U.S. Economist at Capital Economics.

From the article:

... The increase in retail sales in June was partly due to a 1.8 percent jump in sales by motor vehicle and parts dealers, which followed a 1.4 percent increase in May…. Notable increases in sales by furniture and home furnishing stores and non-store retailers were offset by significant decreases in sales by building materials and supplies dealers, miscellaneous store retailers and food services and drinking places. ...