Retail sales dip from May
July 16, 2012
U.S. retail and food services sales for June totaled $401.5 billion on a seasonally adjusteded basis — a decrease of 0.5% from May but 3.8% higher than June 2011, according to advance estimates from the U.S. Census Bureau. Total sales for the April through June 2012 period were up 4.7%.
Nonstore retailers sales were up 10.9% from June 2011, and furniture and home furnishings stores were up 7.8%. The largest month-to-month decline — 1.8% — was for gasoline stations, almost certainly due to the decrease in gasoline prices. The Census Bureau adjusts the sales figures for seasonal variation and holiday and trading-day differences, but not for price changes.
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