Census Bureau: Retail Sales Dip In May

According to the United States Census Bureau, advance estimates of U.S. retail and food services sales for May 2017, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $473.81 billion, a decrease of 0.3% from April but up 3.8% from May 2016.

The bureau estimates that May retail sales slipped 0.3% from April 2017 to $417.7 billion but were up 4% from the month last year.

Furniture and home furnishings store sales in May increased 0.4% from April on an adjusted basis, and increased 4.4% year-over-year. Building material, garden equipment and supplies dealers sales were flat from April but up 10.8% from May 2016. Sales at health and personal care stores remained unchanged from April but increased 0.4% from May 2016. Sales at general merchandise stores decreased 0.3% from April but increased 1.3% from May of last year. May electronics and appliance store sales slid 2.8% from April but decreased 1.8% year-over-year.

In addition, sales at food and beverage stores increased by 0.1% from April and 2.4% from May the year prior. Sales at clothing and accessories stores increased 0.3% from April and 1% from May of the year previous, while sales at sporting goods, hobby, book and music stores decreased 0.6% from April and decreased 4.7% from May 2016.

Non-store retailer sales advanced 0.8% from April and 10.2% from May of last year.