U.S. RETAIL SALES FALL IN MAY AS CONSUMERS TURN CAUTIOUS

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Key Points:

  • Retail sales, a measure of purchases at stores, restaurants and online, declined 0.9% in May, following a downwardly revised 0.1% drop in April.
  • Consensus among economists was a 0.7% decline.
  • Excluding autos, retail sales fell by 0.3% over the month.
  • Retail sales were 3.3% above May 2024 while CPI data released earlier this month showed prices have increased 2.4% in the last year.
  • Retail sales are not adjusted for inflation and reflect price differences as well as purchase amounts.
  • Total sales for the March 2025 through May 2025 period were up 4.5% from the same period a year ago.
  • The Right Facts will continue to monitor retail sales.
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