• U.S. retail sales climb 0.5% in May

Market news

14 June 2016

U.S. retail sales climb 0.5% in May

The U.S. Commerce Department released the retail sales data on Tuesday. The U.S. retail sales climbed 0.5% in May, exceeding expectations for a 0.3% rise, after a 1.3% fall in April.

The increase was mainly driven by a rise in sales at service stations.

Sales at clothing retailers were up 0.8% in May, sales at building material and garden equipment stores decreased 1.8%, while sales at auto dealerships rose 0.5%.

Retail sales excluding automobiles rose 0.4% in May, in line with expectations, after a 0.8% gain in April.

Sales at service stations climbed 2.1% in May, while sales at furniture stores fell 0.1%.

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