Washington (AP) -- Retail sales edged up by a weaker amount than expected in June as sales at auto dealerships plunged.
The Commerce Department reported Tuesday that retail sales increased by just 0.1 percent last month, even weaker than the 0.4 percent gain that analysts had been expecting.
That small rise reflected a 3.3 percent drop in sales at auto dealerships, reflecting the troubles the U.S. auto industry is facing with a weak economy and soaring gasoline prices.
Overall retail sales were supported by a big 4.6 percent jump in sales at gasoline stations, an increase that largely reflected the huge jump in pump prices.
Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Jazz Fest 8/29
Chris Collins, Director of Jazz studies at Wayne State University, has info about the Detroit International Jazz Fest in Detroitl
Education Minute 8/29
WWJ's Pat Vitale explains some ways for high school students to get the jump on college credits.
Feldman Report-P.M. 8/29
WWJ and Fox2's erudite Biz Man Murray Feldman has financial news that you and your family can live with.
GreatStuff 8/29
Lots of action this long weekend and Roberta Jasina aptly covers the biggies.
Caring For Aging Parents - 8/29
WWJ's Pat Sweeting advises that a Geriatric Medicine Specialist may be better suited to care for your aging parents' needs.
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