Thursday, June 11, 2015

Retail Sales Climb in May

There were $444.9 billion of retail and food services sales in May (after adjustment for seasonal variation and holiday and trading-day differences but not for price changes), according to the U.S. Census Bureau. This level represented an increase of 1.2% from the previous month, and 2.7% from May of last year.

Core retail sales — excluding automobiles and parts — increased by 1.0% from the previous month and 1.3% from the previous year.

Retail trade sales increased by 1.4% from April, and 2.0% from May 2014. Gasoline sales declined by 3.7% for the month, and were 19% lower than a year ago. Both motor vehicles and parts dealers and sales from food services and drinking places rose by 8.2% on the year.

Read the Census Bureau release.

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