Economy
US retail sales fall more than expected in May
Figure down 1.3% from previous month; analysts estimated 0.8% decline
Övünç Kutlu |
15.06.2021 - Update : 15.06.2021
ANKARA
US retail sales fell more than expected in May, according to figures released Tuesday by the Census Bureau.
Retail sales came in at $620.2 billion, down 1.3% from the revised level of $628.7 billion in April. Analysts expected a 0.8% decline on a monthly level.
The figure, however, was 28.1% higher compared to May 2020.
"Clothing and clothing accessories stores were up 200.3% from May 2020, while food services and drinking places were up 70.6% from last year," the agency said in a statement.
