News

Monthly Retail and Food Services Sales down by 1.3% in May

0
Monthly Retail and Food Services Sales down by 1.3% in May

The advance monthly sales in the United States reduced by 1.3% to $620.2 billion in May 2021.

Source: The U.S. Census Bureau.

DJI dips -0.47.

The retail trade sales reduced by 1.7% in May, but the sales were 24.4% compared to the same period in 2020. Clothing and clothing had a positive increase in sales at 200.3%, food services and drinking establishments sales also grew by 70.6%.

The adjusted sales of motor vehicles & parts dealers reduced to $135,979 million in May from $141,222 million in May.

Non-essential businesses such as motor vehicles & parts dealers, furniture stores, building materials, and miscellaneous store retailers recorded decline in sales.

Essential businesses, including health & personal care stores, clothing stores, and food and beverage stores had a slight increase in advanced monthly sales.

How Do QE, FED & FOMC Affect the Money Supply?

Previous article

UK and Australia Trade Agreement in Final Stages

Next article

You may also like

Comments

Leave a Reply

More in News