See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Retail sales rise a meager 0.1% in May from April as still high inflation curbs spending

Posted on AllSides June 18th, 2024
From The Left

NEW YORK (AP) — Consumers barely increased spending in May from April as still high inflation and high interest rates curbed spending. Retail sales rose 0.1% in May, below the pace that economists projected, according to the Commerce Department. And April sales were revised downward — a 0.2% decline, from unchanged. Sales rose 0.6% in March and 0.9% in February. That comes after sales fell 1.1% in January, dragged down in part by inclement weather. Excluding gas prices and auto sales, retail sales rose the same amount. Excluding sales from...

Read full story

AllSides Picks

More News about Sports from the Left, Center and Right

From the Left

From the Center

From the Right