Retail sales in May fell 0.3 percent from the prior month, according to the Commerce Department. Excluding motor vehicles and parts, the number increased by 0.5 percent. Excluding gasoline stations, sales dropped by 0.7 percent, and excluding motor vehicles, parts and gasoline stations, sales increased by 0.1 percent. The sales figures were adjusted for seasonal variation, holiday and trading day differences, but not for price changes. On a yearly basis, retail sales were up by 8.1 percent.

Last Updated on June 15, 2022 by Ramin Seddiq