US retail sales post biggest drop in four months

  • Posted on June 17, 2025
  • By Bing News
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US retail sales post biggest drop in four months

By Lucia Mutikani WASHINGTON (Reuters) -U.S. retail sales dropped more than expected in May, weighed down by a decline in motor vehicle purchases as a rush to beat potential tariff-related price hikes ebbed, but consumer spending remains supported by solid wage growth for now. The largest decline in sales in four months reported by the Commerce Department on Tuesday added to moderate job growth
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