BUSINESSWTOP DC
Retail Sales up 0.9% in May as the weather improved and gasoline prices cooled
Retail sales increased by 0.9% in May, driven by improved weather and lower gasoline prices. Sales at clothing, home furnishing, and online retailers rose, while electronics stores saw a decline. Gas prices fell 11% from $4.51 to $4.02 per gallon, though a tentative Iran war deal remains uncertain about long-term recovery.
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- Retail Sales up 0.9% in May as the weather improved and gasoline prices cooled
- Retail Sales up 0.9% in May as the weather improved and gasoline prices cooled
- Retail Sales up 0.9% in May as the weather improved and gasoline prices cooled
- Retail sales up 0.9% in May as the weather improved and gasoline prices cooled
- Retail sales up 0.5% in April from March as higher gas prices leave less room for nonessential items
- Retail sales up 1.7% in March from February driven by a spike in gas prices due to the Iran war