AI Data Insight
The latest data shows that in May 2026, U.S. non-seasonally adjusted retail sales were 672,357 million USD, representing a 1.9% decline compared to April. However, seasonally adjusted data showed a month-over-month increase of 0.9%, strongly beating market expectations of 0.5%. Driven by the Iranian geopolitical conflict pushing up oil prices, it is still necessary in the short term to beware of the crowding-out effect of high prices on subsequent consumption momentum.