Retail sales rose for the eighth straight month in May, reflecting continued consumer resilience despite inflationary pressures, with momentum highlighted in the latest CNBC/NRF Retail Monitor report.
Key Takeaways
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Sustained growth momentum: Retail sales increased 0.42% month over month and 7.19% year over year, with core sales also showing steady gains.
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Consumer resilience persists: Spending remains strong despite elevated gas prices, tariffs, and geopolitical uncertainty, supported by a stable labor market.
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Broad-based category performance: Most retail sectors posted monthly and annual gains, led by apparel, electronics, and health categories, while home improvement segments lagged.
