June Retail Sales Boosted by Early Prime Day and World Cup
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Economic Data & Analysis
June Retail Sales Boosted by Early Prime Day and World Cup
16 July 2026 /
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Trusted Insights for What’s Ahead®
- Despite the modest increase in nominal retail sales, inflation-adjusted spending was solid, supporting stronger Q2 consumer spending and GDP growth.
- Despite the modest increase in nominal retail sales, inflation-adjusted spending was solid, supporting stronger Q2 consumer spending and GDP growth.
- The 0.2% m/m gain in nominal retail sales was held back by a sharp decline in gasoline station sales as prices at the pump retreated from May’s peak.
- Meanwhile, strong spending on sporting goods—boosted by the FIFA World Cup—and robust online sales, aided by the earlier timing of Amazon Prime Day, supported overall retail activity.
- The June report supports The Conference Board’s forecast for real consumer spending to accelerate to 1.5% q/q SAAR in Q2 2026 from 0.5% in Q1.
- Nevertheless, we remain cautious on the consumer outlook for the second half of the year, as some of June’s strength likely reflected temporary factors that could reverse in July.
Figure 1. Soccer, Early Discounts Support Retail Sales
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Author
Yelena Shulyatyeva
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