In May 2024, US retail sales saw a 1.35% month-over-month and 3.03% year-over-year growth. Experts forecasted a 0.2% rise in May sales, with job gains and wage increases boosting consumer spending. Various categories like sporting goods, clothing, e-commerce, and motor vehicles showed positive growth, while gas stations saw a decline.
Retail spending in May was DOWN 0.29% from the originally-reported number of April which was released a month ago. However, April has since been revised down, so the May number came in "higher" than the new April number. May retail was also lower than March. cc @zerohedge
🇺🇸Strong industrial #production in May but on a lower trajectory ✅Manufacturing 0.9% m/m on broad-based gains led by machinery despite furniture pullback ✅ Durables 0.6% ✅Nondurables 1.1% ✅#Mining 0.3% ✅Utilities 1.6% 📊YoY 🟠Ind Prod 0.4% 🟠Manufacturing 0.1% https://t.co/v2naLgx6Ec
After an outright ugly US #retailsales report for April, the headline May numbers again disappointed. Even though retail sales grew last month, the increase was less expected. However, to better understand overall consumer spending trends, I also look at the 3-month annualized… https://t.co/509utRz4gS
US BUSINESS INVENTORIES MOM APRIL REPORT https://t.co/giOo1DAEk8
🔵 US MANUFACTURING PRODUCTION SURGES IN MAY Production at U.S. factories increased more than expected in May, recouping all the declines in the prior two months, but the momentum is unlikely to be sustained amid higher interest rates and softening demand for goods. Full Story…
The first two months of retail sales for Q2 are below any of the months from Q1 after adjusting for inflation, pointing to a drop Q/Q; also note that real retail sales are down 2.1% over last 3 years while nominal retail sales are up 14.2% over same time: https://t.co/KZI7cE15M0
U.S. industrial-production pickup in May is sharpest in 10 months https://t.co/dqZFz4c5cz
FHN has a different take on retail sales: "The data are reported in nominal dollar terms, however, and falling consumer prices in the relevant categories understate the actual spending strength." "We estimate inflation-adjusted retail spending actually increased 0.44% in May."
US Industrial Production Surges In May, Biggest MoM Jump Since Jan 2023 As ISM Tumbles https://t.co/o4oOhNYfai
Helloooooo! Retail sales rose by 2.9% in May. Consumer spending $20.9 billion more this year than last year. I am not one to say all is great in the consumer economy, but let's analyze real numbers not some fake month-over-month seasonally adjusted nonsense... https://t.co/xW49aax45z
US INDUSTRIAL PRODUCTION MOM MAY REPORT https://t.co/q7PeE4AqdG
🇺🇸 Soft May #retail sales & April revised lower 🟡#Retail sales +0.1% 🟡Adj for inflation +0.1% ✅Core 0.4% ✅Adj infl 0.5% ⚽️Sport 2.8% 👗Cloth 0.9% 🚗Auto 0.8% 💻Online 0.8% 🎮Elect 0.4% ⚕️Health 0.1% 🥕Food -0.1% 👩🍳Rest/bar -0.4% 🏠Build mat -0.8% 🛋️Furn -1.1% ⛽️Gas -2.2% https://t.co/weKB19IHuA
High interest rates softening demand? You can purchase a new season's fashion wardrobe for the price of a refrigerator. Large ticket categories decelerating; Small ticket, accelerating. Retail Sales, YoY, unadjusted: +2.9% retail sales (vs Apr +3.8%) +1.9% cars (vs Apr +4.4%)… https://t.co/IuVfj98r8L
US Retail Sales increased 2% over the last year but after adjusting for higher prices they were down 1.2%. Both of these numbers came in well below the historical averages of +4.6% nominal and +2.0% real. The US consumer appears to be pulling back. https://t.co/l5IYmkeySJ https://t.co/A1mKnaDJP3
US Retail Sales increased 2% over the last year but after adjusting for higher prices they were down 1.1%. Both of these numbers came in well below the historical averages of +4.6% nominal and +2.0% real. The US consumer appears to be pulling back. https://t.co/l5IYmkeySJ https://t.co/2wTlmaqviz
US May Retail Sales: remember the advance data is reported in nominal sales. Once one adjusts for inflation the topline likely will show an increase due to falling gasoline and commodity prices. Quick back of the envelope implies around 0.3%/0.4%. It's not what one would call…
Some retail sales category highlights (prior month): Sporting goods +2.8% (-2.4%) Clothing +0.9% (+1.7%) E-commerce +0.8% (-1.8%) Motor vehicles, parts +0.8% (-0.4%) Eating, drinking -0.4% (-1.8%) Building materials -0.8% (+0.3%) Furniture -1.1% (+0.9%) Gas stations -2.2%… https://t.co/7awIjLKyPh
US RETAIL SALES MOM MAY REPORT https://t.co/rCbWivNjYU
May retail sales data due imminently - the range of expectations to watch https://t.co/RzLlhWxtc9
Retail sales data for May, 8.30 est. Investors are looking for insights into the health of the consumer. Economists polled by Dow Jones forecasted growth of 0.2% from April.
Good morning. May US retail sales on deck. This series is full of noise & subject to large revisions due to lack of respondents in the advance report. Take the topline with a grain of salt & focus on the three month moving average. We expect a 0.2% topline increase and a 0.5% in… https://t.co/i105N43k5N
US data focus for Monday - May retail sales - the range of expectations to watch https://t.co/0oPTCYnbyA
Retail Sales Preview: May Numbers Expected To Rise As Consumers 'Feeling More Positive' US retail sales for May are forecasted to rise 0.2% from April. Job gains and continued wage increases may boost spending, expert says. https://t.co/xCkQHX2Tnk
Preview: What to watch for in the May US retail sales report https://t.co/PpENwkiIQT
According to the National Retail Federation, total says in May 2024 sales grew 1.35% month over month, as well as 3.03% year over year. https://t.co/7VSz8CJPEv #ecommerce #onlinertail #ecommercesales #earnings #consumerinsights @NRFnews