A shopper walks with bags of purchases in New York.
John Lamparski | SOPA Images | Getty Images
Retail sales in June are expected to have gained 5.2% as the economy reopened, but sales could have trailed off towards the end of the month as the virus outbreak worsened.
According to Dow Jones, economists expect sales rose 5% when excluding vehicle sales. May sales jumped by a surprising 17.4%, and 17.2% excluding automobiles, as states first reopened their economies.
“They’re backward looking, and I’m afraid we might get a decline in July,” said Diane Swonk, chief economist at Grant Thornton. She expects sales increased by 5.5%, and the number would have been stronger were it not for a…