July 13, 1983
The advance retail sales for June, announced today by the Department of Commerce, show
continuing good news about the strength of the economic recovery. The President is encouraged
by growing consumer confidence, which is reflected by this third consecutive monthly increase in
consumer buying. The sales of big-ticket items such as automobiles are a key sign of consumers'
expectations for the future. The President's policies have placed the recovery on firm footing and
hold the promise of a robust economy in the years ahead.