No spending spree in May.

FOX's Ginny Kosola explains:

Americans were not spending as much last month. Retail sales in May were at the weakest pace in 16 months, down 3/10's of a percent. Economists were expecting sales to increase slightly.

Fewer new cars and trucks were sold and gasoline were lower, but internet sales in May increased 8/10's of percent.

Ginny Kosola, FOX News.