Americans spent more on restaurants (+1%), furniture and decorations (+1.4%), sporting goods, musical instruments and books (+0.8%); Auto sales rose 0.9% in June, after declining 3.4% in May. For its part, online sales rose 2.2%. Clothing, construction, and gardening stores were among the few categories to register a decline.
Meanwhile, contrary to what analysts expected, US industrial production fell in June, according to data released today by the US Federal Reserve. Total production shrank 0.2% compared to May: A review of data finally showed a recession after an initial estimate of +0.2%, a number that was unanimous in analysts.
After four months of strong growth, at 0.8% or more, May saw a slowdown in industrial production. Therefore, June data shows a monthly decrease in the sector; In annual terms, industrial production growth was 6.1% in the second quarter.
For the second month in a row, Industrial production contracted 0.5%, although the annual growth rate in the second quarter was 4.2%. Meanwhile, production in the mining sector increased by 1.7% in June, while production in public services (water and electricity) decreased by 1.4%.