US Retail Sales for May
One of the weakest May changes for retail sales outside of a recessionary timeframe on record highlights a burden that has been imposed on the consumer as a result of tariffs and the high cost of borrowing.
Retail sales rose by 4.0% (NSA) in this spring month, which is the fifth weakest May performance in the past two decades, lagging only the poor results that were recorded in the years immediately following the Great Financial Crisis and the Pandemic recession as consumers tightened their grip on their finances. The average change for this time of year is a rise of 6.6%.
Read more insight, along with the investment implications, in our regular report on US Retail Sales
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