May, Auto Sales | featured news

(Image from article: "Retail sales drop in May, raising worries about recovery")

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May consumer spending weakest in five months

Consumer spending was flat in May for the first time in five months as Americans eased off on vehicle purchases amid tepid wage growth, but subsiding inflation pressures should keep demand supported.

Retail sales drop in May, raising worries about recovery

Spending fell 1.2%, the biggest dip in eight months. Auto sales were down 1.7%. Retail sales plunged in May by the largest amount in eight months as consumers slashed spending on everything from cars to clothing.

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