U.S. May Retail Sales Fall More Than Expected

The video discusses the decline in retail sales by 1.3% for the month, which was more than the expected 0.8% drop. This decline is attributed to the fading impact of stimulus checks. Auto sales were affected by a chip shortage, and gas prices rose less than expected. The service sector, particularly food services, showed growth, with food services and drinking places increasing by 1.8%. The video also touches on how these figures are analyzed, including the potential use of a three-month moving average.

What was the percentage drop in retail sales on the month?

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How did the stimulus checks impact retail sales?

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What factors contributed to the decline in auto sales?

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What is expected to drive real growth in the service sector?

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What was the percentage increase in food services and drinking places?

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