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Key FactsUS Retail Sales Decline Amid Economic Uncertainty
Jun 17, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: reuters.com
  • US retail sales decreased by 0.9% in May, marking the second consecutive monthly decline.

  • The drop was largely due to reduced motor vehicle purchases after the rush to avoid tariff-driven price hikes subsided.

  • Manufacturing output outside of vehicle assembly declined, though core retail sales rose by 0.4%.

  • Economic uncertainty from shifting trade policies is restraining business investments and softening demand.
  • The outlook for consumer spending is cloudy.
    — Bill Adams, chief economist at Comerica Bank, comments on the challenges facing consumer behavior.