Cooling on the Surface, Steady at the Core: Retail Sales Tell a Mixed Tale
The US Census Bureau’s May retail sales report came in weaker than expected, with the headline measure — total nominal sales — down 0.9% on the month. It’s the largest drop in nearly two years and reflects broad-based softness across categories like autos, gas stations, and restaurants. April was also revised down to a mild [...] The post Cooling on the Surface, Steady at the Core: Retail Sales Tell a Mixed Tale appeared first on ETF Trends.
The US Census Bureau’s May retail sales report came in weaker than expected, with the headline measure — total nominal sales — down 0.9% on the month. It’s the largest drop in nearly two years and reflects broad-based softness across categories like autos, gas stations, and restaurants. April was also revised down to a mild [...]
The post Cooling on the Surface, Steady at the Core: Retail Sales Tell a Mixed Tale appeared first on ETF Trends.
