us retail sales rise a tick more than expected in may
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

US retail sales rise a tick more than expected in May

Arab Today, arab today

Arab Today, arab today US retail sales rise a tick more than expected in May

The retail sales data is a key gauge of consumer spending in the United States
Washington - AFP

US consumers spent slightly more than expected in May after a strong surge in retail sales the prior month, official data showed Tuesday.

Retail and food services sales rose 0.5 percent in May, slowing from the 1.3 percent jump in April, the Commerce Department reported. Analysts had forecast a smaller 0.3 percent gain.

The retail sales data is a key gauge of consumer spending in the United States, the main motor of the economy. Retail sales were up 2.5 percent in May from a year ago.

"This is a solid report," said Ian Shepherdson of Pantheon Macroeconomics. "Now that the weather has returned to normal with the fading of El Nino, and with Easter distortions out of the data, the consumer is back on track."

Gasoline sales jumped 2.1 percent, reflecting in part increased prices. Online sales growth slowed to 1.3 percent, nearly half the pace of April, but sales at restaurants and bars, and clothing stores picked up.

Auto sales increased 0.5 percent, marking a sharp downturn from March as the auto industry cools from a 2015 boom.

Stripping out auto sales, retail sales rose 0.4 percent in May.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us retail sales rise a tick more than expected in may us retail sales rise a tick more than expected in may

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us retail sales rise a tick more than expected in may us retail sales rise a tick more than expected in may

 



GMT 12:58 2017 Saturday ,16 September

Singer-songwriter Sampha wins Britain's Mercury Prize

GMT 19:19 2018 Friday ,19 January

Minister of Tolerance attends farewell celebrations

GMT 13:12 2013 Saturday ,05 October

Choosing a bedroom wardrobe

GMT 19:44 2017 Sunday ,31 December

November23rd-December21st

GMT 20:32 2017 Friday ,30 June

MP reveals the parliament was informed

GMT 05:48 2017 Friday ,01 September

Bahrain leaders exchange Eid Al-Adha greetings

GMT 23:34 2017 Saturday ,09 December

Petroleum Development Oman participates in ADIPEC

GMT 07:10 2013 Monday ,25 November

Ayoon wa Azan (The deluge of lies)

GMT 03:34 2017 Thursday ,19 January

South Sudan VP starts first Khartoum visit

GMT 15:56 2017 Sunday ,17 September

How young kids can battle obesity

GMT 11:26 2016 Thursday ,22 December

Trump names critics of China

GMT 17:09 2017 Saturday ,18 March

European court’s hijab verdict an attack on women
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday