Retail Spending Falls For Second Month In A Row As Consumers Grow Anxious
1. Retail spending fell 0.9% in May, marking a cautious consumer trend. 2. Car sales dropped 3.5%, contributing to the spending decline. 3. Increased uncertainty over tariffs is affecting consumer spending patterns. 4. Experts predict a slowdown in spending before recovery in 2026. 5. Overall retail spending decline may be a temporary effect.