Has the American consumer finally chilled out? 🛒
Retail sales fall for the first time in five months 📉
Retail sales in May unexpectedly fell by 0.3% from a month ago, new data from the US Census Bureau revealed Wednesday. This was much weaker than the 0.1% gain economists expected. It was also the first decline since December.1
Motor vehicle and parts sales declined. Furniture and home furnishings sales declined. Electronics and ap…