U.S. retail sales climbed more than forecast in June
The numbers: Sales at U.S. retailers rebounded in June in a good showing for the economy, as Americans flocked to bars and restaurants and bought more clothes and other consumer goods.
Households have increasingly shifted their spending toward services they shunned during the pandemic. Dining out, entertainment, travel, vacation trips and so forth. Consumers also would have bought more new cars and trucks last month, but automakers can’t produce enough of them because of a shortage of computer chips. Semiconductors are now a critical component in modern vehicles.
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