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Retail Sales Slump In May, Mostly Because Of Falling Gasoline Sales

By James Picerno: U.S. retail sales slipped 0.2% in May. That's the biggest monthly fall in two years, although quite a bit of the drop last month was due to a sharp decline in gasoline sales. Nonetheless, the revised data tell us that retail sales have fallen for two months in a row-the first back-to-back monthly declines since 2010. Looking at retail sales on a year-over-year basis is more encouraging, but the trend is still slipping on this front too.
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Tesco’s sales expected to fall

Business & Finance : Business Report (last year)

Britain's biggest retailer, Tesco, is expected to slip back to an underlying sales decline. ||| London - Britain's biggest retailer, Tesco, is expected to slip back to an underlying sales decline when it publishes first-quarter trad... Read Post

Retail Sales Beat Following Sharp January Downward Revision: Control Group Decline Continues

Business & Finance : Zero Hedge (9 months ago)

When retail sales last month came in far weaker than expected, it was the weather's fault. A month later, we find that the January retail sales were even weaker than expected, with the headline number revised from a -0.4% drop to -0... Read Post

Traffic Volume Rises in January by 1.6%, Largest Gain in 15 Months, But Gas Consumption is Falling?

Business & Finance : Carpe Diem (3 years ago)

Steve Hayward and Charles Hugh Smith have recently pointed to falling gasoline consumption, based on these EIA data that show a steep drop in retail gasoline sales in December and January. Some are saying that this drop in gas consu... Read Post

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