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- U.S. retail sales miss expectations
U.S. retail sales miss expectations
The
Commerce Department released the U.S. retail sales today. The U.S. retail sales
increased 0.3% in May, missing expectations for a 0.5% gain, after a 0.5% rise
in April. April’s figure was revised up to a 0.5% gain from an increase of
0.1%.
The U.S. core
retail sales excluding automobile sales were up 0.1% in May, missing
expectations for a 0.4% increase, after a 0.4% rise in April. April’s figure was
revised up to 0.4% from 0%.
The
strongest increase in May came from automobile and parts sales (+1.1%) and
building supplies and gardening equipment (+1.4%). Sales of furniture and home
sales climbed 0.5%.
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