Retail sales up 1% in June, easing fears of a recession

  • Shoppers look for bargains on Wednesday in Miami Beach, Fla. 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. (AP Photo/Marta Lavandier, File)

  • A customer checks price tags while shopping at a retail store in Schaumburg, Ill., on June 30. (AP Photo/Nam Y. Huh, File)

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.