U.S. Consumers Continue To Spend Despite Income Pressure
ING Economic and Financial Analysis
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2026-06-17
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via All Articles on Seeking Alpha
Summary The May retail sales report showed US consumers continue to spend despite weak sentiment and squeezed household finances. As such, second quarter GDP growth should show a re-acceleration after a couple of subdued quarters. For now, households are still prepared to spend, largely funded through saving less and borrowing more. Richard Drury/DigitalVision via Getty Images
By James Knightley , Chief International Economist, US
Spending remains resilient May US retail sales numbers are firmer than anticipated, rising 0.9% month-on-month against the consensus 0.6% forecast. April's growth rate was revised down a tenth of a percentage
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