US Retail Sales Drop 0.9% in May Amid Consumer Caution
TL;DR Summary
Retail sales in the U.S. fell by 0.9% in May, worse than expected, driven by declines in gas sales and consumer caution amid geopolitical tensions and tariffs, although some sectors like online and furniture sales saw growth; overall consumer sentiment improved despite the pullback, and the economy is expected to rebound after a slight GDP decline in Q1.
- Retail sales fell 0.9% in May, worse than expected as consumers pulled back CNBC
- Shoppers cut spending at retailers in May. Trade wars still a drag on the economy. MarketWatch
- US retail sales fall with Americans growing cautious after a spring splurge to beat tariffs Yahoo
- US Retail Sales Decline by the Most Since Start of the Year Bloomberg
- US May retail sales -0.9% vs -0.7% expected Forexlive | Forex News, Technical Analysis & Trading Tools
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