美国5月零售销售数据速评

Core Viewpoint - In May, U.S. retail sales experienced the largest decline of the year, indicating that new tariffs have suppressed consumer spending, particularly in the automotive sector [1] Group 1: Retail Sales Performance - Retail sales fell significantly, with 7 out of 13 categories reporting declines [1] - Spending at restaurants and bars saw its largest drop since the beginning of 2023 [1] Group 2: Consumer Behavior - The data suggests that consumers are beginning to cut back on spending [1] - Despite tariffs not yet increasing U.S. inflation, consumer confidence remains shaky due to rising living costs and high interest rates [1] - Household financial conditions have worsened [1]