BUSINESSWPLG LOCAL 10 MIAMI
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 warmer weather and lower gasoline prices, with a revised 0.4% gain in April. Excluding gas stations, sales rose 0.7%, while clothing and home furnishing stores saw growth, and electronics sales declined. A tentative deal to end the Iran war and reopen the Strait of Hormuz may ease gas prices, which fell 11% from a month ago to $4.02 per gallon.
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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 rise as British motorists stock up on fuel