U.S. Retail Sales Fell 0.2% In May
(For May 2011)
U.S. retail sales were reported down 0.2% in May vs. -0.3% consensus. April reading was at 0.3% (revised from 0.5%). On year level retail sales are up 7.8%.
Most notable gainers: motor vehicle & parts dealers -2.9%, electronics & appliance stores -1.3%, furniture & home furniture stores -0.7%.
Most notable losers: miscellaneous store retailers 2.1%, non-store retailers 1.2%, building material & garden equipment 1.2%.
Autos taken out, the figure was an increase of 0.3% vs. consensus of 0.2%. Prior reading was revised to 0.5% (down 0.1%). On year level retail sales less autos are up 8.2%.
Autos and gas station taken out, the retail sales rose 0.3%. Consensus was at 0.2%. Prior reading was at 0.3% (revised up 0.1%). On year level retail sales less autos and gas stations are up 4.8%.
