Retail Sales Sink 0.9% in May, Worse Than Expected
The Census Bureau’s Advance Retail Sales Report for May showed consumer spending pulled back significantly last month, with headline sales sinking 0.9%. This marks the second straight monthly decline and the largest in over two years. The latest reading was worse than the expected 0.5% decline. For an inflation-adjusted perspective on retail sales, take a [...] The post Retail Sales Sink 0.9% in May, Worse Than Expected appeared first on ETF Trends.
The Census Bureau’s Advance Retail Sales Report for May showed consumer spending pulled back significantly last month, with headline sales sinking 0.9%. This marks the second straight monthly decline and the largest in over two years. The latest reading was worse than the expected 0.5% decline. For an inflation-adjusted perspective on retail sales, take a [...]
The post Retail Sales Sink 0.9% in May, Worse Than Expected appeared first on ETF Trends.
