Retail Sales Slipped in May

There were $473.8 billion in retail and food service sales in May, down 0.3% from the previous month and up 3.8% from May 2016, according to the U.S. Census Bureau.

Core retail sales – excluding automobiles and parts – also fell 0.3%. Year-over-year core sales increased 3.8%.

Retail trade sales decreased 0.3% from April and are up 4.0% from last year. Sales at nonstore retailers increased 0.8% from April, while increasing 10.2% year-over-year.

Sales at gasoline stations decreased 2.4% during the month, but are up 6.2% from a year ago.

Read the Census release.

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