U.S. Retail Sales Suggest Resilience In The Face Of Cost Pressures
Source: SeekingAlpha
2026-05-14 10:40:00 ET
By James Knightley , Chief International Economist, US
Broader spending remains resilient despite higher energy costs
Inflation data has been the main focus so far this week, but today it is retail sales. Consumer spending accounts for around 70% of all economic activity in the US, and retail sales are responsible for a little over 40% of consumer spending. As such, this report is an important barometer of how the Middle East situation is impacting the real economy....
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U.S. Retail Sales Suggest Resilience In The Face Of Cost Pressures
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