US Retail Sales Rise Less Than Expected

US retail sales rose 0.3 percent in May of 2014, down from a revised 0.5 percent increase in the previous month. The figure comes below expectations as consumers bought mainly automobiles.
U.S. Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com 6/12/2014 1:52:22 PM
Retail sales at clothing stores went down 0.6 percent; sales at electronics and appliance stores dropped 0.3 percent; sales at grocery stores fell 0.2 percent and those at food services and drinking places declined 0.2 percent. Sales at general merchandise stores shrank 0.6 percent and those at sporting goods contracted 0.1 percent. In contrast, sales in motor vehicles stores rose 1.4 percent and receipts in gasoline stations advanced 0.4 percent.

Retail sales excluding automobiles increased 0.1 percent, slowing from a revised 0.4 percent increase in April. 

Core sales, which strip out automobiles, gasoline, building materials and food services were flat in May.

US Retail Sales Rise Less Than Expected