Previous News:
October 2021
September 2021
August 2021
July 2021
June 2021
May 2021
April 2021
March 2021
February 2021
January 2021
December 2020
November 2020
October 2020
September 2020
August 2020
July 2020
June 2020
May 2020
April 2020
March 2020
February 2020
January 2020
December 2019
November 2019
October 2019
September 2019
August 2019
July 2019
June 2019
May 2019
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
May 2016
April 2016
December 2015
March 2015
January 2015
September 2014
August 2014
July 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
January 2013
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011

May Retail Sales Increased 5.6 Percent Over Last Year

May retail sales increased 0.7 percent seasonally adjusted over April and 5.6 percent unadjusted year-over-year as a growing economy prompted consumers to continue to spend, the National Retail Federation said today. The numbers exclude automobiles, gasoline stations and restaurants.

“The economy is looking strong and households have a solid financial foundation on which to base their spending,” NRF Chief Economist Jack Kleinhenz said, noting increased take-home pay thanks in part to tax cuts, unemployment at a long-time low and good availability of consumer credit. “We have seen ongoing momentum over the last several months and believe sales growth should remain healthy and consistent with our 2018 outlook. Nonetheless, inflation and rising oil prices are complicating the picture. And new tariffs or a trade war would certainly be negatives that would increase prices and reduce both consumer purchasing power and consumer confidence.”

The three-month moving average was up 4.6 percent over the same period a year ago, topping NRF’s forecast that 2018 retail sales will grow between 3.8 percent and 4.4 percent over 2017.

The May results build on improvement seen in April, which was up 0.5 percent monthly and 2.8 percent year over year.

NRF’s numbers are based on data from the U.S. Census Bureau, which said overall May sales – including automobiles, gasoline and restaurants – were up 0.8 percent seasonally adjusted from April and up 5.9 percent year-over-year.


Specifics from key retail sectors during May include:
* Online and other non-store sales were up 9.1 percent year-over-year and up 0.1 percent over April seasonally adjusted.

* Clothing and clothing accessory stores were up 8.2 percent year-over-year and up 1.3 percent from April seasonally adjusted.

* General merchandise stores were up 5.6 percent year-over-year and up 1.2 percent from April seasonally adjusted.

* Building materials and garden supply stores were up 5.3 percent year-over-year and up 2.4 percent from April seasonally adjusted.

* Grocery and beverage stores were up 4.4 percent year-over-year and unchanged from April.

* Furniture and home furnishings stores were up 4.2 percent year-over-year but down 2.4 percent from April seasonally adjusted.

* Electronics and appliance stores were up 2.8 percent year-over-year and up 0.2 percent from April seasonally adjusted.

* Health and personal care stores were up 2.6 percent year-over-year and up 0.5 percent from April seasonally adjusted.


About The National Retail Federation
The NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private-sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.
AT: 06/15/2018 04:07:51 PM   LINK TO THIS NEWSLETTER
0 Comments:

Post a Comment
 
Comments are closed.
Copyright © 2024

Sitemap | Privacy Policy