Strong US Retail Sales Showcase Economy’s Resilience Despite Iran War

Strong US retail sales showcase economy’s resilience despite Iran war

WASHINGTON — U.S. retail sales increased more than expected in May, with households boosting purchases of motor vehicles even as they paid more for gasoline, but a slowdown is likely as the cushion from larger tax refunds against higher prices diminishes. The post Strong US retail sales showcase economy’s resilience despite Iran war appeared first on Hawaii Tribune-Herald.

US Retail Sales Jumped in May Despite High Gasoline Costs

Retail sales surge as U.S. consumers keep spending despite war | Honolulu Star-Advertiser

WASHINGTON >> Retail sales increased more than expected in May, with households boosting purchases of motor vehicles even as they paid more for gasoline, but a slowdown is likely as the cushion from larger tax refunds against higher prices diminishes.

US retail sales unexpectedly climb despite higher gas prices

The Commerce Department reported Wednesday that increased motor vehicle purchases primarily fueled the surge

Iran war effect starts to wane as strong retail consumer spending data in May raises hopes

US retail sales rise in May as Iran war impact fades. Strong consumer spending and job growth lift US economic outlook and Fed policy expectations.

Online Retail Gains, Foodservice Slips in Latest Census Data - The Food Institute

May retail and foodservice sales hit $763.7B, with non-store retail far outpacing foodservice as consumers shift spending online.