Consumer spending returned to growth in May thanks namely to soaring petrol prices and a boost from the box office.
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Companies have also noted that consumer demand continues to hold up, signalling that shoppers are resilient. Read more at…
Fuel spending continues its downward trend following a 17% spike in March.
US retail sales rose 0.9% in May to $763.7 billion as gasoline prices jumped 9.2%. Here's what strong consumer spending means for…
Two straight months of spending declines in April and May had concerned market watchers.
Both headline and core Personal Consumption Expenditures reached their highest year-over-year readings in about three years.
...'real' retail sales are growing at their fastest annual clip since March 2022...
