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Retail Sales Show Unexpected Growth in May
Retail sales in the U.S. rose by 0.9% in May, surpassing expectations as warm weather and lower gas prices encouraged consumer spending.
This story is using an image pulled from the original reporting.
Story change
A later update changed part of this story.
Before: Retail sales in the U.S. rose by 0.9% in May, surpassing expectations as warm weather and lower gas prices encouraged consumer spending.
Why it changed: New information came in after the story first went live, so the earlier wording is no longer the best short read.
Now: <strong>[UPDATE 9:39 AM ET]</strong> <strong>Zero Hedge:</strong> Despite Slumping Sentiment, US Retail Sales See Strongest Annual Rise Since Jan 2023
Despite record low consumer sentiment and declining real wages, BofA's omniscient analysts forecast a blockbuster beat for US Retail Sales for both headlin
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