US: Retail and food services sales for May were $502.0 bln, an increase of 0.8% from Apr

Eren Sengezer FXStreet

"Advance estimates of U.S. retail and food services sales for May 2018, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $502.0 billion, an increase of 0.8 percent from the previous month, and 5.9 percent above May 2017," the U.S. Census Bureau announced on Thursday.

Key takeaways

Total sales for the March 2018 through May 2018 period were up 5.2 percent from the same period a year ago.
The March 2018 to April 2018 percent change was revised from up 0.2 percent to up 0.4 percent.
Gasoline Stations were up 17.7 percent from May 2017, while Nonstore Retailers were up 9.1 percent from last year.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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