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U.S. Retail Sales Declined 0.3% in May

Americans’ retail spending declined in May, as customers felt the pinch from inflation, greater gasoline costs and rising rates of interest that make automotive purchases dearer.

Retail gross sales—a measure of spending at shops, on-line and in eating places—fell a seasonally adjusted 0.3% in May from the earlier month, dropping from April’s revised 0.7% improve, the Commerce Department stated Wednesday.

Related Topics:Business C&E Industry News Filter car registration Car Registration/Sales Figures Commerce Department Content Types corporate Corporate/Industrial News Declined Domestic Politics E-commerce Earnings Economic News economic performance Economic Performance/Indicators Etailing Executive Branch Factiva Filters Financial Performance gasoline Gasoline/Service Stations general news Government Bodies indicators industrial news International Relations Online Service Providers political Political/General News Politics Politics/International Relations retail Retail Sales Figures Retail/Wholesale Sales Sales Figures service stations Specialty Retailing SYND Technology wholesale WSJ-PRO-WSJ.com

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A Key Inflation Reading Capturing Wholesale Prices Rose Again in May

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