During the month of June, retails sales grew 0.5%, which, when paired with the 1.3% growth during the month of May, supports the continued boost in spending. In the past 12 months, retails sales have increased by 6.6%, touching slightly above the long-run average since 1980.
Furthermore, retail sales have climbed steadily the last five years, almost touching the 2% mark in the tail end of 2017.
“Amazon’s sales have been on the rise even as retail makes its recovery. The e-commerce giant most recently posted a quarterly sales increase of nearly 40 percent,” according to CNBC.
XRT allocates 16.31% of its weight to Internet retailers, its third-largest industry weight.
For more information on the consumer sector, visit our consumer discretionary category.