May retail sales are flattish sequentially and up annually
Data released this week by the United States Department of Commerce and the National Retail Federation (NRF) pointed to flattish sequential gains for May retail sales, with slight annual improvement.
Commerce reported that May retail sales at $437.6 billion were up 0.3 percent over April and up 4.3 percent compared to May 2013, and total retail sales from March through May are up 4.3 percent annually.
The NRF said that May retail sales, which exclude automobiles, gas stations, and restaurants, were flat on a seasonally-adjusted and sequential basis for the second straight month in May, and saw a 3.0 percent unadjusted annual increase.
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About the AuthorJeff Berman, Group News Editor Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman
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