💨 Abstract

The U.S. Census Bureau reported a 3.3% year-over-year increase in retail and food services sales to $715.4 billion in May 2025. Consumer spending remains resilient despite economic challenges, supported by a strong labor market and wage growth. June's retail sales are expected to rise slightly, with e-commerce sales up over 8% year over year. Anticipation of potential tariffs and a robust online sector drive consumer spending.

Courtesy: WTOP Staff