U.S. May Retail Sales Fall More Than Expected

The video discusses the decline in retail sales by 1.3% for the month, which was more than the expected 0.8% drop. This decline is attributed to the fading impact of stimulus checks. Auto sales were affected by a chip shortage, and gas prices rose less than expected. The service sector, particularly food services, showed growth, with food services and drinking places increasing by 1.8%. The video also touches on how these figures are analyzed, including the potential use of a three-month moving average.

What was the percentage drop in retail sales on the month?

How did the stimulus checks impact retail sales?

What factors contributed to the decline in auto sales?

What is expected to drive real growth in the service sector?

What was the percentage increase in food services and drinking places?