by Calculated Risk on 6/17/2025 08:30:00 AM
On a monthly basis, retail sales decreased 0.9% from April to May (seasonally adjusted), and sales were up 3.3 percent from May 2024.
From the Census Bureau report:
Advance estimates of U.S. retail and food services sales for May 2025, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $715.4 billion, down 0.9 percent from the previous month, and up 3.3 percent rom May 2024. … The March 2025 to April 2025 percent change was revised from up 0.1 percent to down 0.1 percent.
emphasis added
Click on graph for larger image.
This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).
Retail sales ex-gasoline was down 0.8% in May.
The second graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993.
Retail and Food service sales, ex-gasoline, increased by 4.4% on a YoY basis.
The change in sales in May were below expectations and the previous two months were revised down.
A weak report.
