Detailed revisions analysis for three months, Great Britain; includes a 12-month comparison. as it switches its focus on to-go orders and expects to lose $3.2 billion in revenue during its third quarter, which ends in June. May's print marked the best result since December 2019. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product.They were previously reported to have been unchanged in April.

The economy grew at a 3.1% pace in the January-March quarter after getting a temporary boost from exports and an accumulation of inventory.Exports dropped in April and inventory investment is slowing.
A first estimate of retail sales in volume and value terms, seasonally and non-seasonally adjusted. We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services. “But it’s down 6.1 percent below May 2019, don’t break out the champagne and noisemakers.”Newlin added that most retailers tend to compare store health by year-over-year sales, not month-over-month, and the May increase is coming after a “horrible pandemic placed series of months.”“What it’s telling, if you can bear to know it, is that people are changing their behavior and shopping online,” she said. But while the figures  are on the rise, the two-month loss of sales could be the final nail in the coffin for retailers already struggling to survive what’s been dubbed a “retail apocalypse.” and permanently shutter its nearly 540 stores around the country. Compared to May last year, retail sales increased 3.2%.Excluding automobiles, gasoline, building materials and food services, retail sales advanced 0.5% last month after an upwardly revised 0.4% rise in April. Data for April was revised up to show retail sales gaining 0.3%, instead of dropping 0.2% as previously reported.Economists polled by Reuters had forecast retail sales climbing 0.6% in May. On a monthly basis, retail sales rose 0.79% in May, which was broadly in line with April’s 0.77% expansion.

Meanwhile, the trend pointed down, with the annual average variation of retail sales coming in

Data. The trade war between the United States and China, which escalated recently, is also hurting the economy.Last month, sales at auto dealerships accelerated 0.7% after dropping 0.5% in April. U.S. retail sales rose an astonishing 17.7% in May 2020. Retail sales in the U.S. increased by 17.7 percent in May, but were still below 2019 numbers.

Sales were down 10.5% from last year, indicating a recession for the second quarter of 2020. Retail sales fell 2.8% year-on-year in May (April: -7.5% yoy). “They’re not going into physical stores in April and in May.”Despite sales figures still being down compared to 2019, President “Wow!

Retail sales, Great Britain: May 2019. And even companies able to keep many of its locations open during the pandemic are feeling the pain. While consumer confidence remains strong, wage growth retreated in May and hiring moderated sharply.Overall, the economy is losing steam as the stimulus from last year's $1.5 trillion tax cut and increased government spending dissipates. U.S. retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up in consumer spending that could ease fears the economy was slowing down sharply in the second quarter.The Commerce Department said on Friday retail sales rose 0.5% last month as households bought more motor vehicles and a variety of other goods. Retail sales in Australia increased 2.4 percent month-over-month in June 2020, slowing from a 16.9 percent jump in the previous month, a preliminary reading showed. The reading marked the best result since November 2019. Photo: Stephanie Keith/Getty Images Retail sales in the United States spiked by 17.8 percent between April and May, a sign that the market is starting to recover after record drops caused by the coronavirus pandemic , according to figures released today by the United States Census Bureau . In addition, manufacturing production and home sales fell in April. Retail Sales MoM in the United States averaged 0.36 percent from 1992 until 2020, reaching an all time high of 18.20 percent in May of 2020 and a record low of -14.70 percent in April of 2020.
“Far bigger than projected. U.S. retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up in consumer spending that could ease …

There were large increases in turnover in cafes, restaurants and takeaway food services, and clothing, footwear and personal accessory retailing. Receipts at service stations rose 0.3%.Building materials and garden equipment sales edged up 0.1%, while online and mail-order purchases jumped 1.4%.Sales at clothing stores were unchanged and receipts at furniture outlets nudged up 0.1%. Sales at bars and restaurants increased 0.7% last month, while those at hobby, musical instrument and book stores rose 1.1%.Got a confidential news tip? Retail sales in the U.S. increased by 17.7 percent in May, but were still below 2019 numbers.

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