US Retail Sales Rise 0.5% in May


Retail sales in the United States went up 0.5 percent in May from April of 2016, following a 1.3 percent rise in the previous period and above market expectations of a 0.3 percent increase. It is the second straight month of gains as 9 of 13 major categories showed increases in demand.

Sales at gasoline stations recorded the highest increase (2.1 percent), followed by sales at sporting goods, hobby, book & music stores (1.3 percent); nonstore retailers (1.3 percent); food services and drinking places (0.8 percent); clothing and clothing accessories stores (0.8 percent); health and personal care stores (0.6 percent); motor vehicle and part dealers (0.5 percent); food and beverage stores (0.5 percent) and electronics and appliance stores (0.3 percent). In contrast, sales fell in building material & garden eq. & supplies dealers (-1.8 percent); miscellaneous store retailers (-1.2 percent); general merchandise stores (-0.3 percent) and furniture and home furniture stores (-0.1 percent). 

Excluding autos, sales increased 0.4 percent, after rising 0.8 percent in the previous month. The so-called control group of sales – excluding automobiles, gasoline, building materials and food services – were up 0.4 percent after an upwardly revised 1 percent increase in the previous month.

US Retail Sales Rise 0.5% in May


US Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com
6/14/2016 2:44:02 PM