{"id":1542207,"date":"2025-06-17T12:43:10","date_gmt":"2025-06-17T16:43:10","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1542207"},"modified":"2025-06-17T12:43:10","modified_gmt":"2025-06-17T16:43:10","slug":"us-retail-sales-tumbled-in-may-as-gas-prices-fell-car-buying-stalled","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/us-retail-sales-tumbled-in-may-as-gas-prices-fell-car-buying-stalled\/1542207\/","title":{"rendered":"US Retail Sales Tumbled In May As Gas Prices Fell, Car-Buying Stalled"},"content":{"rendered":"

US Retail Sales Tumbled In May As Gas Prices Fell, Car-Buying Stalled<\/span><\/p>\n

\n

BofA’s omniscient analysts warning ahead of this morning’s retail sales data from the US is simple: Brace!<\/p>\n

<\/a><\/p>\n

And after the small 0.1% MoM rise the prior month was revised to a 0.1% MoM decline, BofA was right again with Retail Sales tumbling 0.9% MoM in May – the biggest drop since March 2023…<\/strong><\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/p>\n

The big driver of downside was a drop in Gasoline Station sales <\/strong>– which makes some sense as gas prices have tumbled – and an even bigger drop in Auto Sales <\/strong>(as the tariff front running surge evaporates)…<\/p>\n

<\/a><\/p>\n

The tariff front-running hangover hits…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/p>\n

Ex Autos and Gas, sales fell 0.1% MoM (worse than the +0.3% expected) and Ex-Autos sales dropped 0.3% MoM (worse than the +0.2% MoM expected).<\/p>\n

So an ugly set of data reflecting sentiment’s slump?<\/p>\n

\u201cThere was front running in autos because of tariffs in recent months and now we’re getting payback,” <\/strong>said David Russell, head of market strategy at TradeStation.\u00a0<\/em><\/p>\n

“Data centers and tech investment are driving the economy now. Consumers are on the sidelines as the job market weakens<\/strong> and Americans grapple with higher prices. It could be a pause before confidence rebounds, or a warning before a broader slowdown.”<\/em><\/p>\n

As a reminder, this data is nominal, so adjusting (very roughly) for inflation, retail sales rose 0.9% YoY, back to its lowest since Oct 2024… but still positive…<\/p>\n

<\/a><\/p>\n

While the seasonally-adjusted sales print was down, unadjusted sales were higher in May<\/strong> (as they have been seasonally for years)…<\/p>\n

<\/a><\/p>\n

However, there is a silver lining as the Control Group – which feeds directly into GDP – rose 0.4% MoM (better than expected) <\/strong>and considerably stronger than the upwardly revised 0.1% MoM decline in April…<\/p>\n

<\/a><\/p>\n

So, the bad news is Americans seem to be spending less… but top-down GDP will be positively impacted in Q2.<\/strong><\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nTue, 06\/17\/2025 – 08:43<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/personal-finance\/us-retail-sales-tumbled-may-gas-prices-fell-car-buying-stalled<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

US Retail Sales Tumbled In May As Gas Prices Fell, Car-Buying Stalled BofA’s omniscient analysts warning ahead of this morning’s retail sales data from the…<\/p>\n","protected":false},"author":0,"featured_media":1542208,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1542207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-6tcj","jetpack_featured_media_url":"https:\/\/bugaluu.com\/news\/wp-content\/uploads\/sites\/3\/2025\/06\/get_attachment_url20281829_2-Cn0W2r.jpg","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1542207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1542207"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1542207\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1542208"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1542207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1542207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1542207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}