Tuesday, June 17, 2025

US Retail Sales

Retail sales in the US declined 0.9% month-over-month in May 2025, following a downwardly revised 0.1% drop in April and worse than market forecast of a 0.7% fall. 

It is the biggest decrease in four months, as consumers pulled back ahead of expected tariffs. 

Sales at motor vehicle & parts dealers recorded the largest decline (-3.5%), followed by building material & garden equipment suppliers (-2.7%) and gasoline stations (-2%). 

source: U.S. Census Bureau

Copper Update

Copper futures hovered below $4.40 per pound on Friday and were on track for a weekly drop of around 24%, pressured by a surprise US tariff ...