Americans kept spending in May despite higher gas prices pinching budgets

Americans kept spending in May despite higher gas prices pinching budgets

Americans upped their spending in May despite renewed pressure from inflation and higher gas prices.

Retail sales beat expectations in May but slowdown likely ahead

Some of the rise in sales last month reflected higher gasoline prices, which lifted receipts at service stations.

Retail sales up 0.9% in May, underscoring resilience of US consumer

NEW YORK — Shoppers stepped up their spending in May and surpassed expectations as temperatures warmed and gasoline prices leveled off.

U.S. Retail Sales Post a Solid Gain in May, and Not Just Due to Higher Prices - ActionForex

Retail and food services sales rose 0.9% month-over-month (m/m) in May, ahead of consensus expectations for a 0.5% gain. Higher prices were once again part of the story but not all of it, with inflation-adjusted retail and food services sales up 0.4% m/m. Nominal sales at gasoline stations rose 3.4% m/m due to higher prices […] The post U.S. Retail Sales Post a Solid Gain in May, and Not Just Due to Higher Prices appeared first on ActionForex.