US retail sales marginally decline in May 2012: US DoC

15 June 2012 (Last Updated June 15th, 2012 02:00)

Retail and food service sales in the US declined 0.2% to $404.6bn in May 2012, on a seasonally adjusted basis, from the previous month, according to the US Department of Commerce (DoC).

Retail sales decrease

Retail and food service sales in the US declined 0.2% to $404.6bn in May 2012, on a seasonally adjusted basis, from the previous month, according to the US Department of Commerce (DoC).

In April, seasonally adjusted retail and food service sales rose 0.2% to $4.8bn, on a monthly basis.

Month-on-month, retail trade sales decreased 0.2% in May and increased 0.1% in April.

On a monthly basis, motor vehicle & parts dealers sales grew 0.8%, while furniture and home furnishing stores sales increased 0.4% in May.

Sales at electronics & appliance stores rose 0.8%, while health & personal care stores sales fell 0.1% in May from the previous month.

Sporting goods, hobby, book & music stores sales declined 0.1% in May, while nonstore retailers saw a 1.3% increase in sales.

Miscellaneous store retailers recorded 0.9% decrease in sales in the month and sales at gasoline stations edged down 2.2%.

Sales at both food and beverage stores, and food services & drinking places fell 0.2% in May from the previous month.

Month-on-month, sales of building material & garden supplies dealers were down by 1.7% in May from April.

Year-on-year, seasonally adjusted retail and food service sales grew 5.4% in May, after rising 6.4% in April.

Excluding motor vehicle and parts, retail and food service sales were up 4.3% in May, on an annual basis.

Retail trade sales were up by 5% in May, compared to the same month a year earlier.

Sales at nonstore retailers rose the highest to 12.4% year-on-year in May and motor vehicle & parts dealers sales jumped 10% in the month.

Building material and garden equipment and supplies dealers sales increased 5.3% in May, while sales fell 0.1%.

Year-on-year, sales in department stores and electronics & appliance stores were down by 0.9% and 0.1%, respectively, in May.

Food services & drinking places sales grew 7.4% in the month, while food and beverage stores sales rose 3%.

In the March-May period, total sales advanced 5.7%, as compared with the same period a year ago.

Image: Retail sales declined 0.2% in May from April, but grew 5% from May 2011. Photo: FreeDigitalPhotos.net