Retail sales in May painted a mixed picture of consumer trends
While American households seem stable, their spending enthusiasm is waning amid increasing trade tensions. Overall retail and restaurant sales declined by 0.9%, marking the steepest drop since January, largely due to reduced purchases of vehicles and fuel. Partly driven by falling prices, this decline also reflects earlier shopping ahead of new tariffs.
Source: https://realeconomy.rsmus.com/retail-sales-send-mixed-signals-amid-trade-uncertainty/
