US Retail Sales Beat Forecasts

Retail sales increased 1.2 percent in May over April, following an upwardly revised 0.2 percent rise in the previous period, boosted by purchases of automobiles, food and gasoline.

Sales in gasoline stations recorded the highest increase (3.7 percent), followed by building material and garden equipment (2.1 percent), motor vehicle and parts (2 percent), clothing and footwear stores (1.5 percent) and nonstore retailers (1.4 percent). Purchases in sporting goods, book and music stores, general merchandise stores and furniture rose by 0.8 percent each. Receipts in grocery stores went up 0.3 percent while those in electronics and appliances edged up 0.1 percent.  

Only one of 13 major categories showed decreases in May: sales in health and personal care stores (-0.3 percent). 

Core retail sales (excluding automobiles, gasoline, building materials and food services) surged 0.7 percent; those excluding autos increased 1 percent and sales excluding gas and autos went up 0.7 percent. All rose at a faster pace in May  (0.1 percent, 0.1 percent and 0.2 percent respectively in April).

US Retail Sales Beat Forecasts

US Census Bureau | Joana Taborda |
6/11/2015 2:10:30 PM