US EditionUS retail sales miss expectations in May
- Retail sales increased by 0.1% in May, falling below economists' expectations, as reported by the Commerce Department. April sales saw a downwards revision, showing a 0.2% decline.
- Sales from clothing and accessory stores went up by 0.9%, with electronics and appliance stores also seeing a 0.4% gain.
- Prior to the observed growth, sales had risen by 0.6% in March and 0.9% in February, following a decline of 1.1% in January due in part to unfavorable weather conditions.
55 Articles
55 Articles
US retail sales miss expectations in May
WASHINGTON (Reuters) – U.S. retail sales increased less than expected in May as lower prices for gasoline weighed on receipts at service stations. Retail sales rose 0.1% last month after a downwardly revised 0.2% drop in April, the Commerce Department’s Census Bureau said on Tuesday. Retail sales were previously reported to have been unchanged in April. Economists polled by Reuters had forecast retail sales, which are mostly goods and are no…
U.S. Retail Sales Rise Less Than Expected in May
American shoppers stepped up their spending last month, but not as much as economists expected. U.S. retail sales rose 0.1% from April, the Commerce Department said. That was lower than the 0.2% increase economists polled by The Wall Street Journal had expected. [April’s reading was revised](https
Retail sales rise a meager 0.1% in May from April as still high inflation curbs spending
NEW YORK (AP) — Consumers barely increased spending in May from April as still high inflation and high interest rates curbed spending. Retail sales rose 0.1% in May, below the pace that economists projected, according to the Commerce Department.
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