Research >> Economics
U.S. Retail Sales for May Increased 17.7%, Ex-Auto up 12.4%
Advance estimates of U.S. retail and food services sales for May 2020, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $485.5 billion, an increase of 17.7 percent (± 0.5 percent) from the previous month, but 6.1 percent (± 0.7 percent) below May 2019. Total sales for the March 2020 through May 2020 period were down 10.5 percent (± 0.5 percent) from the same period a year ago. The March 2020 to April 2020 percent change was revised from down 16.4 percent (± 0.5 percent) to down 14.7 percent (± 0.2 percent).
Retail trade sales were up 16.8 percent (± 0.5 percent) from April 2020, but 1.4 percent (± 0.7 percent) below last year. Nonstore retailers were up 30.8 percent (± 1.4 percent) from May 2019, while building material and garden equipment and supplies dealers were up 16.4 percent (± 1.9 percent) from last year.
Posted: June 16, 2020 Tuesday 08:30 AM