Retail Sales up a Solid 0.9% in May as the Weather Warmed and Gasoline Prices Cooled

Retail Sales Surge 0.9% in May, Strongest in Three Months as Consumers Rebound

Rick Santelli read the May retail sales tape from the CME floor on Wednesday morning and the number that printed was better than the consensus wanted. Headline retail sales rose 0.9% versus the 0.6% expected. Yields barely flinched. The 10-year Treasury yield sat at roughly 4.44%, virtually unchanged, because traders looked under the hood and ... Retail Sales Surge 0.9% in May, Strongest in Three Months as Consumers Rebound

Retail Sales Surge To $763.7 Billion As Consumers Spend More

U.S. retail sales increased 0.9% in May from April, according to advance estimates released Wednesday by the U.S. Census Bureau, as warmer weather and lower gas prices encouraged consumer spending. The gain beat economists’ expectations and marked the third consecutive monthly increase. Total sales for May reached $763.7 billion. Retail trade sales rose 1.0%, while sales at food services and drinking places increased 2.7% from a year earlier. “A…

U.S. Retail Sales Beat Expectations in May, Here’s Why:

U.S. retail sales exceeded expectations in May, driven partly by higher spending at gas stations.PULSE POINTS WHAT HAPPENED: U.S. retail sales rose by 0.9 percent in May, reaching $763.7 billion, surpassing the 0.5 percent increase anticipated by economists. This growth was largely driven by higher spending at gas stations amid elevated energy costs. However, core retail sales, which exclude autos, gasoline, building materials, and food services…

Retail sales up 0.9% in May

Shoppers stepped up their spending in May, surpassing economists’ expectations, as temperatures warmed and gasoline prices leveled off. Retail sales rose 0.9%, up from a revised 0.4% gain in April, according to new Commerce Department data released Wednesday. Sales got…

Retail sales up a strong 0.9% in May, underscoring the resilience of U.S. consumers

Shoppers stepped up their spending in May and surpassed expectations as temperatures warmed and gasoline prices leveled off. Retail sales rose 0.9%, up...

Credit Cards, Tax Refunds Fuel May Retail Sales

But brick-and-mortar revenues are beset with pressure, from online to the gas pump and the consumer balance sheet, which is loading up with credit card debt.