
Rising Consumer Confidence Fuels Optimism for Retail Sales Growth in June 2025
Consumer confidence rose slightly in May 2025, reaching 117.8, primarily due to improved current economic conditions, despite growing concerns about job availability. This period also saw increased consumer spending, particularly on consumption, leading to a decline in savings for lower-middle-income groups. Retail sales, after a dip in May, are projected to rebound in June, driven by the automotive and apparel sectors, as well as the alignment with upcoming holidays and promotions.