Categories Retail, U.S. Markets News

US retail sales gain in May; April data revised

Retail sales in the US saw an increase in May while the numbers for April have been revised. Based on data released by the US Census Bureau, advance estimates of US retail and food services sales for May 2019, after certain adjustments, were $519 billion, up 0.5% from April and 3.2% from May 2018. The percent change from March 2019 to April 2019 was revised from down 0.2% to up 0.3%.  

Retail trade sales were up 0.5% from April and 3.1% from last May. On an adjusted basis, sales of motor vehicle and parts dealers rose 0.7% from April and 3.1% from May 2018, amounting to $105.7 billion. For furniture and home furnishing stores, sales were $10.1 billion, an increase of 0.1% from last month and 0.6% from last year.

Also see: INFOGRAPHIC: US retail sales drop 0.2% in April

Sales of $8 billion from electronics and appliance stores grew 1.1% from April but declined 2.4% from May of last year. Food and beverage stores sales were $62.8 billion, down 0.1% versus April and up 1.6% from last May.

Sales from health and personal care stores were $29.8 billion, up 0.6% from April and 3.4% from last May. Sales at clothing and clothing accessories stores remained unchanged from last month at $22.8 billion but saw a drop of 2.3% from the same period last year.

The figures indicate a pickup in consumer spending, which brings optimism at a time when there are concerns over weakness in the economy amid trade tensions between the US and China.

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips.

Most Popular

BIIB Earnings: Biogen Q1 2024 adj. earnings rise despite lower revenues

Biotechnology firm Biogen Inc. (NASDAQ: BIIB) Wednesday reported an increase in adjusted profit for the first quarter of 2024, despite a decline in revenues. Total revenue declined 7% year-over-year to

Hasbro (HAS) Q1 2024 Earnings: Key financials and quarterly highlights

Hasbro, Inc. (NASDAQ: HAS) reported first quarter 2024 earnings results today. Revenues decreased 24% year-over-year to $757.3 million. Net earnings attributable to Hasbro, Inc. were $58.2 million, or $0.42 per

BA Earnings: Highlights of Boeing’s Q1 2024 financial results

The Boeing Company (NYSE: BA) on Wednesday announced financial results for the first quarter of 2024, reporting a narrower net loss, on an adjusted basis. Revenues dropped 8%. Core loss,

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top