--Richmond Fed June retail revenues index -10 vs -35 in May
Washington, July 10 (BridgeNews) - Service sector activity in the
Richmond Federal Reserve district improved slightly in June, although the
district bank's overall service sector revenues index remained negative.
The overall index came in at -2 in June, compared to -16 the previous
month. Meanwhile, the retail revenues index showed -10 in June against -35
in May, the bank announced Tuesday.
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Looking ahead, both retailers and non-retailers remain "relatively
optimistic about future demand," the Richmond Fed said.