US Shoppers Balk At High Prices

Retail sales in the US rose less than expected last month, this week's only top-tier macro release from the world's largest economy showed. Nominal spending managed a mere 0.1% advance, just a third of the uptick consensus expected. Notably, April's headline was revised to show a 0.2% decline. March was revised lower too. Taken at face value, this is more evidence to support a slowdown narrative. As I put it while previewing this week's data docket, a miss "add[s] to a string of releases which

Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today for as little as $7/month

View subscription options

Or try one month for FREE with a trial plan

Already have an account? log in

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

One thought on “US Shoppers Balk At High Prices

  1. I think best to look at the retail sales series deflated by goods CPI, since almost all retail sales are “goods”, save the relatively smaller portion that is eating and drinking establishments.

NEWSROOM crewneck & prints