Market Updates
U.S. Retail Sales Unexpectedly Advanced In May
Brian Turner
15 Jun, 2023
New York City
U.S. retail sales rose 0.3% in May following a 0.4% rise in April, the U.S. Census Bureau reported Thursday.
Retail and food services sales for May, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $686.6 billion, up 0.3% from the previous month, and up 1.6% from a year ago.
Retail trade sales were up 0.3% from April 2023, and up 0.7 percent (±0.5 percent) above last year.
Nonstore retailers were up 6.5% while food services and drinking places were up 8.0% from a year ago.
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