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US retail sales unexpectedly drop in May as inflation weighs on spending

 
dabrute
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06/15/2022 11:09 AM
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US retail sales unexpectedly drop in May as inflation weighs on spending
[link to finance.yahoo.com (secure)]

The Commerce Department said Wednesday that retail sales fell 0.3% last month, down sharply from April's downwardly revised 0.7% increase, following 0.9% initially reported. May's print also marked the first decline in five months. Economists surveyed by Bloomberg expected the latest data to show a rise of 0.1%.
The breath of Putin ass lickers smells just as bad as the breath of Biden ass lickers
KansasisOz

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06/15/2022 11:11 AM
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Re: US retail sales unexpectedly drop in May as inflation weighs on spending
Who the hell did not expect retail sales to drop?
KansasisOz
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06/15/2022 11:16 AM
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Re: US retail sales unexpectedly drop in May as inflation weighs on spending
Unexpec


Hahaha such dumb


Much retar
Pistis Sophia of the 13th Aeon

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07/09/2022 11:55 AM
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Re: US retail sales unexpectedly drop in May as inflation weighs on spending
Majority of people are not spending money on anything outside of essentials.

The real economy is absolutely dead.
"Honey, I’m the original one-eyed chicklet in the kingdom of the blind."
Pistis Sophia of the 13th Aeon

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07/09/2022 11:55 AM
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Re: US retail sales unexpectedly drop in May as inflation weighs on spending
Majority of people are not spending money on anything outside of essentials.

The real economy is absolutely dead.
"Honey, I’m the original one-eyed chicklet in the kingdom of the blind."
Anonymous Coward
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07/09/2022 12:07 PM
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Re: US retail sales unexpectedly drop in May as inflation weighs on spending
[link to finance.yahoo.com (secure)]

The Commerce Department said Wednesday that retail sales fell 0.3% last month, down sharply from April's downwardly revised 0.7% increase, following 0.9% initially reported. May's print also marked the first decline in five months. Economists surveyed by Bloomberg expected the latest data to show a rise of 0.1%.
 Quoting: dabrute


in inflation is run at 9% then it was down 10%
Anonymous Coward
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07/09/2022 12:10 PM
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Re: US retail sales unexpectedly drop in May as inflation weighs on spending
Not sure how it was unexpected as inflation was a known thing thing.





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