В США розничные продажи в мае превзошли ожидания, возврат налогов и рост фондового рынка совместно поддерживают потребительские расходы.

According to Gelonghui on June 17, the growth rate of US retail sales in May exceeded expectations, but as the support of high tax refunds in offsetting price increases gradually weakens, growth momentum may slow down in the future. The US Census Bureau of the Department of Commerce announced on Wednesday that retail sales in May increased by 0.9% month-on-month, surpassing the market's expectation of 0.5%. The increase in May sales partly reflected rising gasoline prices, which boosted sales at gas stations. Affected by the Iran war, gasoline prices once rose to their highest level in four years. Oil prices have since fallen back, and this week, the average retail gasoline price in the US fell below $4 per gallon for the first time since April. Tax refund funds and a rising stock market have jointly supported consumer spending, but this consumption growth has partly come at the expense of reduced savings. In April, the savings rate fell to the lowest level in four years. Core retail sales, which exclude automobiles, gasoline, building materials, and food services, rose by 0.7% in May, compared with 0.5% in April. Core retail sales are most closely related to the consumer expenditure component of GDP. The tax season is over, and a large amount of tax refund funds have also been spent. Economists at PNC Financial said that analysis of internal data indicates that "households are spending their tax refund funds faster than in previous years, and higher gasoline spending is the main reason for this difference."