- Retail sales increased a half-percent in May compared
to April, and 3.2% adjusted year-over-year, according to
the National Retail Federation on Friday. The numbers
exclude automobile dealers, gasoline stations and
retail numbers, and upward revisions to prior months,
reinforce the ongoing strength of the consumer and are
consistent with a pick up in the pace of the economy in
the coming months. The strong job market, recent income
gains and elevated confidence translates into ongoing
support for spending. Households, in the aggregate, are
in solid financial condition but an escalation in
trade tariffs will undoubtedly create a considerable
downdraft to confidence and spending, or lead to a
pullback in spending,” said NRF Chief Economic Jack
Kleinhenz in a statement.
to the NRF April monthly data changed from a loss of
0.2% to a gain of 0.3%.
sales data “has been unusually choppy given the
economic environment in recent months,” with the NRF
citing the partial government shutdown, volatile energy
prices, roller coaster equity markets and escalating
trade tensions as factors.
from key retail sectors during May include:
and other non-store sales were up 11.4% year-over-year
and up 1.4% month-over-month seasonally adjusted.
merchandise stores were up 4.4% year-over-year and up
0.7% month-over-month seasonally adjusted.
and beverage stores were up 2.3% year-over-year and down
0.1% month-over-month seasonally adjusted.
and home furnishings stores were up 1.2% year-over-year
and up 0.1% month-over-month seasonally adjusted.
materials and garden supply stores were down 1.4%
year-over-year but up 0.1% month-over month seasonally