Economy

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

Consumers did not stock up on products in May 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
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Retail sales fell sharply in May, driven by falling gasoline sales and economic uncertainty, the Department of Commerce reported on June 17.

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

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."