JUST IN: Real retail sales are on track for their 2nd consecutive quarter of year-over-year declines.
— The Kobeissi Letter (@KobeissiLetter) June 25, 2024
US retail sales adjusting for inflation fell by 0.9% in May and are now 3.8% below their April 2021 peak.
To put this into perspective, during the 2008 Financial Crisis, this… pic.twitter.com/tOcdOjDXbg