NRF: May Retail Sales Slightly Decrease
According to the National Retail Federation (NRF), May retail industry sales (excluding automobiles, gas stations and restaurants) decreased 0.3 percent seasonally-adjusted from April, but increased 4.8 percent unadjusted year-over-year. May retail sales, released by the U.S. Department of Commerce, showed total retail sales (which include non-general merchandise categories, such as automobiles, gasoline stations and restaurants) decreased 0.2 percent seasonally adjusted month-to-month, but increased 7.1 percent unadjusted year-over-year. Clothing and clothing accessories stores' sales increased 0.9 percent seasonally-adjusted month-to-month, and increased 7.3 percent unadjusted year-over-year. Electronics and appliance stores’ sales increased 0.8 percent seasonally-adjusted month-to-month, and 1.2 percent unadjusted year-over-year.