2026-07-16T12:43:49.006Z / https://www.reuters.com/business/us-retail-sales-rise-marginally-june-2026-07-16/
华盛顿7月16日路透电 — 由于汽油价格下跌压制了加油站营收，美国6月零售销售小幅增长，但家庭增加了汽车采购额并在线上门店加大消费，这强化了经济学家的观点，即二季度消费者支出增速加快。
周四公布的其他数据凸显了美国经济的韧性：劳动力市场保持稳定，上周首次申请失业救济人数降至两个月来低点。这些数据并未影响市场对近期货币政策的预期，经济学家预计美联储本月晚些时候将维持利率不变。
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“尽管面临挑战，消费者仍在消费，劳动力市场没有任何松动迹象，”摩根士丹利财富管理首席经济策略师艾伦·曾特纳（Ellen Zentner）说道。“这类数据不会让美联储的政策取向发生任何改变，但它凸显了美国经济持续的韧性。”
美国商务部人口普查局表示，上月零售销售环比增长0.2%，为五个月来最小涨幅，5月数据经向上修正后为增长1.0%。零售销售主要以商品为主，且未剔除通胀因素，此次增幅符合经济学家的预期，此前公布的5月增幅为0.9%。
尽管家庭预算受到进口关税上调以及近期中东冲突推高物价的挤压，6月零售销售同比仍增长6.7%。消费持续由高收入家庭驱动，他们的财富因股市上涨而增加。
今年丰厚的退税为消费者提供了缓冲，消费者也一直在动用储蓄并寻找优惠商品。
美联储周三发布的褐皮书报告称，7月初消费者支出小幅增长，并补充道，“多个地区报告非必需消费品支出下降，或是消费者转而购买更实惠的商品”。
加油站营收上月下降5.3%，5月曾增长2.6%。美国能源信息署的数据显示，汽油均价从5月的每加仑4.61美元降至上月的4.18美元。
加油站油价的小幅缓解——这得益于美伊之间不稳定的停火协议生效后油价回落——释放出资金用于其他领域的消费。但上周停火协议破裂，中东地区重新爆发冲突导致油价和汽油价格再度上涨。
汽车经销商营收增长1.9%。受亚马逊会员日促销活动推动，非商店零售商销售额大幅增长1.9%，其他零售商也推出了竞争性促销活动。电子产品和家电商店销售额增长0.8%。
体育用品、 hobby、乐器和书店营收激增1.3%，这很可能得益于国际足联世界杯赛事。但作为报告中唯一的服务类别的餐饮服务和饮酒场所销售额仅增长0.1%。
建筑材料和花园设备门店销售额小幅增长0.1%，而家具店销售额持平。健康和个人护理商店销售额下降0.8%。服装、食品和饮料零售商的营收也出现下滑。这些下滑可能反映出零售商为吸引顾客而降价，或是由于消费者抵制高价导致需求下降。
美国股市开盘走低。美元对一篮子货币小幅上涨。美国国债收益率走高。
劳动力市场保持稳定
剔除汽车、汽油、建筑材料和食品服务的零售销售6月增长0.5%，5月数据经向上修正后为增长0.8%。这些所谓的核心零售销售与国内生产总值中的消费者支出部分对应最为紧密，此前公布的5月增幅为0.7%。
经济学家预计，占美国经济总量三分之二以上的消费者支出，在一二季度几乎停滞之后，二季度增速有所回升。亚特兰大联邦储备银行的模型目前预测，4月至6月当季GDP年化增长率为1.3%。一季度美国经济增速为2.1%。
劳工部的另一份报告显示，在截至7月11日的一周内，州失业救济金首次申请人数减少8000人，经季节性调整后为20.8万人，为5月以来的最低水平。经济学家此前预计当周申请人数为21.7万人。
申请人数在5月底飙升并在6月中旬维持高位后有所回落。近期的部分下降可能反映出通用汽车和福特等大型汽车制造商放弃了传统的夏季装配厂停产改造和维护计划。
经济学家表示，当前的申请人数水平符合他们所说的“慢招聘、慢裁员”劳动力市场特征。
申请报告显示，在首次申请一周后仍在领取失业救济金的人数（即招聘情况的代理指标）在截至7月4日的一周内减少1.6万人，经季节性调整后为180.5万人。
露西娅·穆蒂卡尼（Lucia Mutikani）报道；奇祖·野宫（Chizu Nomiyama）和安德里亚·里奇（Andrea Ricci）编辑
本报守则：路透社汤姆森路透信托原则。
Lower gasoline prices hold back US retail sales, underlying momentum remains
2026-07-16T12:43:49.006Z / https://www.reuters.com/business/us-retail-sales-rise-marginally-june-2026-07-16/
WASHINGTON, July 16 (Reuters) – U.S. retail sales increased marginally in June as lower gasoline prices depressed receipts at service stations, but households boosted purchases of motor vehicles and spent more at online outlets, reinforcing economists’ views that consumer spending accelerated in the second quarter.
The economy’s resilience was highlighted by other data on Thursday showing labor market stability, with first-time applications for unemployment benefits dropping to a two-month low last week. The data did not impact views on near-term monetary policy, with economists expecting the Federal Reserve to keep interest rates unchanged later this month.
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“Despite challenges, consumers are still spending and the labor market shows no signs of cracking,” said Ellen Zentner, chief economic strategist at Morgan Stanley Wealth Management. “This type of data won’t move the Fed’s needle either way, but it underscores the ongoing resilience of the U.S. economy.”
Retail sales rose 0.2% last month, the smallest gain in five months, after an upwardly revised 1.0% jump in May, the Commerce Department’s Census Bureau said. The increase in retail sales, which are mostly goods and are not adjusted for inflation, was in line with economists’ expectations and followed a previously reported 0.9% advance in May.
Sales rose 6.7% year-on-year in June, despite household budgets being strained by higher prices from import tariffs and more recently the Middle East conflict. Spending continues to be driven by higher-income households, which have seen their wealth boosted by a stock market rally.
Generous tax refunds this year have provided a cushion and consumers have also been tapping into savings and seeking bargains.
The Federal Reserve’s Beige Book report on Wednesday described consumer spending as having edged up in early July, adding that “several districts noted declines in spending on discretionary items or trading down to more affordable varieties.”
Receipts at service stations dropped 5.3% last month after increasing 2.6% in May. Average gasoline prices fell to $4.18 a gallon last month from $4.61 in May, data from the U.S. Energy Information Administration showed.
The modest relief at the pump, which reflected a retreat in oil prices as a shaky ceasefire between the United States and Iran took hold, freed money for spending elsewhere. But the truce collapsed last week and the renewed hostilities in the Middle East have sent oil and gasoline prices rising again.
Receipts at auto dealerships increased 1.9%. Sales at nonstore retailers surged 1.9%, boosted by Amazon’s Prime Day event. Other retailers also offered competing promotions. Electronics and appliance store sales increased 0.8%.
Receipts at sporting goods, hobby, musical instrument and book stores jumped 1.3%, likely boosted by the FIFA World Cup tournament. But sales at food services and drinking places, the only services category in the report, rose only 0.1%.
Sales at building material and garden equipment outlets edged up 0.1%, while receipts at furniture stores were flat. Health and personal care store sales dropped 0.8%. There were also decreases in receipts at clothing, and food and beverage retailers. These declines could reflect price cuts by retailers eager to attract customers or falling demand as consumers resist higher prices.
U.S. stocks opened lower. The dollar edged up against a basket of currencies. U.S. Treasury yields were higher.
LABOR MARKET STABLE
Retail sales excluding automobiles, gasoline, building materials and food services increased 0.5% in June after an upwardly revised 0.8% rise in May. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product, and were previously reported to have advanced 0.7% in May.
Economists expect consumer spending, which accounts for more than two-thirds of the economy, picked up in the second quarter after almost stalling in the January-March quarter. The Atlanta Fed’s model is currently forecasting GDP growth at a 1.3% annualized rate in the April-June quarter. The economy grew at a 2.1% pace in the first quarter.
A separate report from the Labor Department showed initial claims for state unemployment benefits dropped 8,000 to a seasonally adjusted 208,000 for the week ended July 11, the lowest level since May. Economists had forecast 217,000 claims for the latest week.
Claims have retreated after surging at the end of May and staying elevated through mid-June. Some of the recent decline likely reflected big automakers, like General Motors and Ford, foregoing the traditional summer assembly plant shutdowns for retooling and maintenance.
Claims are at levels that economists say are consistent with what they call a “slow hire, slow fire” labor market.
The number of people receiving unemployment benefits after an initial week of aid, a proxy for hiring, fell 16,000 to a seasonally adjusted 1.805 million during the week ended July 4, the claims report showed.
Reporting by Lucia Mutikani; Editing by Chizu Nomiyama and Andrea Ricci
Our Standards: The Thomson Reuters Trust Principles.
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