Retail Rises Despite Gas Prices

Retail sales surged in May with a 0.9% jump, outpacing April’s 0.4%, fueled by warmer weather and stable gas prices. Even excluding gas, spending rose 0.7%, with clothing, furniture, and online shopping leading the charge. Electronics and department stores dipped slightly, while restaurants saw a minor decline—possibly due to earlier gas price hikes. Core spending, stripped of volatile items like cars and building materials, climbed 0.7%, signaling resilient consumer confidence thanks to tax refunds and a strong job market. As gas prices ease, bargain hunters are sticking with warehouse clubs—where fuel and discounts go hand in hand. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e6e1c0a982620d66