May United States retail sales a sequential decline and an annual gain, according to data issued today by the United States Department of Commerce and the National Retail Federation (NRF).
Commerce reported that May retail sales—at $672.9 billion—were down 0.3% compared to April, while seeing an 8.1% annual gain, amid ongoing 40-year highs for inflation. And total retail sales, from March through May, saw a 7.7% annual gain.
