Retail sales in the US unexpectedly fell 0.3% mom in May of 2022, the first decline so far this year and compared to market forecasts of a 0.2% rise. It follows a downwardy revised 0.7% increase in April, as high inflation, gasoline prices and borrowing costs hurt spending on non-essential goods. Auto sales recorded the biggest decline (-4%) and sales also fell at electronics & appliance stores (-1.3%); miscellaneous store retailers (-1.1%); nonstore retailers (-1%); furniture stores (-0.9%); and health & personal care stores (-0.2%). On the other hand, retail sales rose at gasoline stations (4%), amid a surge in gas prices; food and beverage stores (1.2%); food services and drinking places (0.7%); sporting goods, hobby, musical instrument & book stores (0.4%); and general merchandise stores (0.1%). Excluding autos, retail sales were up 0.5% and excluding gas and autos 0.1%. source: U.S. Census Bureau
Retail Sales MoM in the United States averaged 0.41 percent from 1992 until 2022, reaching an all time high of 18.70 percent in May of 2020 and a record low of -14.70 percent in April of 2020. This page provides - U.S. December Retail Sales Increased More Than Forecast - actual values, historical data, forecast, chart, statistics, economic calendar and news. U.S. Retail Sales - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Retail Sales MoM in the United States is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the U.S. Retail Sales is projected to trend around 1.00 percent in 2023 and 0.40 percent in 2024, according to our econometric models.