Retail sales up 1% in June, easing fears of a recession
A customer checks price tags while shopping at a retail store in Schaumburg, Ill., Thursday, June 30, 2022. Consumers picked up their spending in June from May despite surging prices in gas and food. U.S. retail sales rose 1% last month, from a revised decline of 0.1 % in May, the Commerce Department said Friday, July 15, 2022. (AP Photo/Nam Y. Huh, File)
By ANNE D'INNOCENZIO and CHRISTOPHER RUGABER
AP Business Writers
NEW YORK — Consumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices at the gas pump and in grocery aisles and allaying fears that the economy might be on the verge of a recession....
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