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U.S. Retail and Food Services Sales Down to Three-Month Low in May

June 15, 2021 by Forex Winner Leave a Comment

U.S. Retail and Food Services Sales Down to Three-Month Low in May

Source: U.S. Census Bureau

American retail and food services sales posted a 1.3% month-on-month drop in May to hit the lowest level in three months.

  • Advance estimates fell to $620.2 billion, the lowest since February’s $559.9 billion.
  • The latest reading compares with $628.6 billion in April and $483.9 billion in May 2020.
  • Total sales from March to May increased 36.2%, versus the 0.9% increase recorded in March to April.
  • Retail trade sales fell 1.7% month-on-month, but climbed 24.4% year-on-year.
  • Clothing and clothing accessories surged 200.3% year-on-year.
  • Food services and drinking places slipped 70.6% year-on-year.
  • The Monthly Retail Trade Survey was sent out to some 5,500 employer firms benchmarked to represent over 3 million retail and food services firms.

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