Wage growth has continued to disappoint, slipping to the lowest point in a year in May. Falling gasoline prices have helped to mute inflation in the economy and allowed consumers to maintain some wage gains in real terms.
10
Industry
Growth
Retail growth slipped below 4%
Y/Y after broad-based sales declines in May. Non-store retailers continue to be immune to the monthly fluctuations. E-commerce continues to gain share while more traditional retail outlets struggle.
Total industrial production growth increased slightly
to 2.1% Y/Y in May. Manufacturing activity pulled back during the month,
but remains on an accelerating trend.
Wage
Growth