Dossier
Sam Tombs
Coverage of Sam Tombs in the Nexus archive.
- 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.