US Retail Sales Decline Signal Economic Slowdown
TL;DR Summary
Retail sales in the US declined by 0.9% in May, mainly due to a drop in auto sales and other categories, as consumers pulled back amid tariff concerns, though some discretionary spending remained resilient. Despite the decline, overall consumer spending is expected to grow in the upcoming quarter, supported by steady inflation and low unemployment.
- Americans Put the Brakes on Their Spending Spree Newser
- U.S. Treasury yields slide after retail sales tumbled in May, raising recession fears CNBC
- Americans cut back sharply on their spending last month amid tariffs CNN
- Retail sales slide in May on lower gas, auto sales amid tariff uncertainty Yahoo Finance
- Weak US retail sales, manufacturing output point to softening economy Reuters
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