BUSINESSWPLG LOCAL 10 MIAMI
Retail sales up a strong 0.9% in May, underscoring the resilience of the US consumer
US retail sales rose 0.9% in May, driven by tax refunds and stable gas prices, with broad gains in clothing, furniture, and online sales. However, electronics and department stores saw declines, and economists caution that the tax refund boost may fade as inflation and gas prices remain elevated.
Mentioned
Related Signal
Adjacent reporting
- Retail sales up a strong 0.9% in May, underscoring the resilience of the US consumer
- Retail sales up 0.5% in April from March as higher gas prices leave less room for nonessential items
- Retail Sales up 0.9% in May as the weather improved and gasoline prices cooled
- U.S. retail sales rise again, but higher gas prices and inflation play a big role
- Retail Sales up 0.9% in May as the weather improved and gasoline prices cooled
- Retail Sales up 0.9% in May as the weather improved and gasoline prices cooled