Retail sales drop in May as inflation spooks shoppers

• June 15, 2022
• realestatelife
• Announcements, Business & Markets, Interest Rates, Politics & Economy, Real Estate Finance, World News, Your Real Estate Life

May retail sales unexpectedly decline as consumers confront sizzling hot inflation.  Economists expected retail sales to rise modestly in May, despite sky-high inflation.

Retail Sales -0.3 vs 0.2
Ex Autos 0.5 vs 0.8
Import Prices MOM 0.6 vs 1.1
Empire MFG -1.2 vs 3