Retail sales fell 0.9% in May, worse than expected as consumers pulled back

Consumers spending pulled back sharply in May, weighed by declining gas sales and a looming unease over where the economy is headed, the Commerce Department reported Tuesday.

Retail sales declined 0.9%, even more than the 0.6% drop expected from the Dow Jones consensus. The decline reversed a 0.1% gain in April and came at a time of unease over tariffs and geopolitical tensions.

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