NRF: Census retail sales data shows consumers ‘seeing their way through’ tariffs but impact could come later
Data released today by the U.S. Census Bureau showed continued growth in core retail sales — which exclude autos, gas and restaurants — in May despite a downturn in overall sales amid on-again, off-again tariffs on imported merchandise, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “We’re continuing to see growth for core retail sales this year at about...
Read More