Retail Sales Barely Budge

June 13, 2006
As expected auto sales slowed in May and U.S. retail sales posted just a one-tenth percent increase from April. On a seasonally adjusted basis, retail sales last month were $364.2 billion, compared with $363.9 billion in April, the U.S. Commerce ...

As expected auto sales slowed in May and U.S. retail sales posted just a one-tenth percent increase from April. On a seasonally adjusted basis, retail sales last month were $364.2 billion, compared with $363.9 billion in April, the U.S. Commerce Department reported on June 13. Economists generally anticipated the small increase.

Autos weren't the only slower sellers in May. Furniture and home furnishing sales as well as sales of building supplies and garden equipment also slowed.

Retail sales are a closely watched economic indicator since consumer spending accounts for about two-thirds of all U.S. economic activity.

Popular Sponsored Recommendations

Why DataOps may be the key to unlocking the full potential of digital transformation

Nov. 3, 2023
Read the 2023 market survey conducted by IndustryWeek

Process Mining For Dummies

Nov. 19, 2023
Here it is. Everything you need to know about process mining in a single book, written in the easy-to-understand, hard-to-forget style that ‘For Dummies’ manages so effortlessly...

7 Crucial Steps to Improve Your OT Security

Oct. 23, 2023
Enhance OT security in manufacturing and production. Uncover the crucial steps to safeguard your operational technology. Protect against evolving threats and bridge the IT-OT ...

How to Build Zero-Cost On-Site Solar and Storage Projects

Nov. 25, 2023
The Inflation Reduction Act offers tax credits, incentives, and financing that enable no-cost projects. In Enel’s eBook, discover the critical role that incentives play in your...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!