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US Retail Sales Miss Expectations in May

Posted on AllSides June 18th, 2024
From The Right

U.S. retail sales increased less than expected in May in May as lower prices for gasoline and motor vehicles weighed on receipts at service stations and auto dealerships. Retail sales rose 0.1% last month after a downwardly revised 0.2% drop in April, the Commerce Department's Census Bureau said on Tuesday. Retail sales were previously reported to have been unchanged in April. Economists polled by Reuters had forecast retail sales, which are mostly goods and are not adjusted for inflation, gaining 0.3% in May. Retail sales have in recent months been...

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