Retail: Sales Holding or Improved in May 2011

According to the Bureau of Labor Statistics (BLS), retail sales fell 0.2% in May 2011.  Econintersect believes retail sales have improved over April – even on an inflation adjusted basis.

Overall, retail sales do not look that bad considering all the other bad data being received recently.  Sales growth this year has held in a range between 7.5% and 9%.   The headlines according to the BLS:

The U.S. Census Bureau announced today that 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 $387.1 billion, a decrease of 0.2 percent (±0.5%)* from the previous month, but 7.7 percent (±0.7%) above May 2010. Total sales for the March through May 2011 period were up 7.5 percent (±0.5%) from the same period a year ago. The March to April 2011 percent change was revised from +0.5 percent (±0.5%)* to +0.3 percent (±0.3%)*. Retail trade sales were down 0.3 percent (±0.5%)* from April 2011, but 8.0 percent (±0.7%) above last year. Gasoline stations sales were up 22.3 percent (±1.7%) from May 2010 and nonstore retailers sales were up 15.9 percent (±3.1%) from last year

Overall there were no revelations in the data.

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