U.S. retail and food services sales increased 0.1% in May to $364.2 billion

Consumer spending accounts for two-thirds of U.S. economic activity

 

Advance estimates of U.S. retail and food services sales for May, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $364.2 billion, an increase of 0.1% from the previous month and up 7.6% from May 2005, according to U.S. Census Bureau.

Gasoline sales were up 21.9% from May 2005 and sales of nonstore retailers were up 14.1% from last year. Meanwhile motor vehicle and parts sales fell 1.6%, the largest drop since February. Excluding cars and parts, retail sales rose 0.5 percent. 

   

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