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May consumer spending decline beats expectations

“Advance estimates of US retail and food services sales for May 2025, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $715.4 billion, down 0.9 percent (±0.5 percent) from the previous month, and up 3.3 percent (±0.5 percent) from May 2024. Total sales for the March 2025 through May 2025 period were up 4.5 percent (±0.4 percent) from the same period a year ago. The March 2025 to April 2025 percent change was revised from up 0.1 percent (±0.5 percent)* to down 0.1 percent (±0.2 percent)*. Retail trade sales were down 0.9 percent (±0.5 percent) from April 2025, and up 3.0 percent (±0.5 percent) from last year. Nonstore retailers were up 8.3 percent (±1.4 percent) from last year, while food service and drinking places were up 5.3 percent (±1.8 percent) from May 2024,” says the Bureau of Economic Analysis’s monthly report. According to Bloomberg Wall Street geeks had expected a 0.6 decrease meaning the Trump economy beat expectations by negative 0.3 percent. Excluding auto sales, they had expected +0.2 but expectations were beat again at -0.3 percent. Such MAGA, so winning.

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