-7.8 C
Ottawa
Saturday, December 20, 2025

Retail Sales Register Largest Drop in 4 Months as Consumers Pull Back

Date:

AD

Consumers did not stock up on products last month like they did in March and April.

Retail Sales Register Largest Drop in 4 Months as Consumers Pull Back

People shop at a retail store in New York City, on March 21, 2025. Samira Bouaou/The Epoch Times

Andrew Moran

|Updated:

Retail sales fell sharply in May, driven by falling gasoline sales and economic uncertainty, the Department of Commerce Department reported on June 17.

Last month, non-inflation-adjusted retail sales tumbled 0.9 percent, down from the 0.1 percent dip in April.

About the author: Andrew Moran
Tell us something about yourself.
spot_imgspot_imgspot_img

Share post:

More like this
Related

Delaware Supreme Court Restores Elon Musks $55 Billion Tesla Pay Deal

Elon Musk, chief executive officer of SpaceX and Tesla,...

Existing-Home Sales Tick Up 0.5 Percent in November as Inventory Growth Stalls

A for sale sign is posted in front of...

How to Help Save for Your Grandkids College Education

If you’re in a position to help pay for...

Warner Bros. Board Urges Shareholders to Reject Paramount Hostile Takeover Bid

The Netflix and Warner Bros. Discovery logos, in this...