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June 15, 2021US RETAIL SALES, MAY 2021 Month over month (May 2021, seasonally adjusted)
The US Census Bureau announced today that the advance estimates of U.S retail and food service sales declined 1.3% from the previous month to $620.2 billion in May. Excluding food services and drinking places, retail trade sales decreased 1.7% ($9.7 billion). Food service and drinking place month-over-month receipts increased 1.8% ($1.2 billion).
Year-over-year (May 2021 vs May 2020, seasonally adjusted)
Compared to May 2020, US retail trade and food services increased 28.1% ($136.2 billion). Retail trade increased 24.4% ($108.4 billion), while food services and drinking places sales increased 70.6% ($27.8 billion).
Compared to February 2020, US retail trade and food services and drinking places increased 18.0%, as retail trade increased 20.3% and food services and drinking places increased 1.6%.
SECTOR ANALYSIS
Year-to-date (Jan-May 2021 vs Jan-May 2020, seasonally adjusted)
The United States Retail Trade and Food Services increased 24.0% ($581.5 billion) to $3,008.4 billion. Retail trade increased 23.9% ($521.1 billion), and food services and drinking places sales increased 24.4% ($60.4 billion).
Sales were up in 13 of 13 retail categories, the fastest gains (in percentage terms) being reported in clothing stores (+70.5%). The slowest gains (in percentage terms) were seen in food & beverage (+1.8%).
Source: US Census Bureau. retrieved from FRED, Federal Reserve Bank of St. Louis
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