U.S. Retail & Food Services Sales Report for May, 2006

The Commerce Department this morning released advanced estimates of U.S. Retail and Food Services Sales for May, 2006:

Consensus: +0.0%
Actual: +0.1%

Minus Auto Sales
Consensus: +0.5%
Actual : +0.5%


The above percentages represent the month-to-month change in total sales receipts for retailers that sell both durable and non-durable goods.

The "consensus" is what Wall Street forecasters were expecting, while the "actual" is the actual or real figure.

Here's a snippet from today's Commerce Department report:

"The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for May, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $364.2 billion, an increase of 0.1 percent (±0.7%)* from the previous month and up 7.6 percent (±0.8%) from May 2005. Total sales for the March through May 2006 period were up 7.6 percent (±0.3%) from the same period a year ago. The March to April 2006 percent change was revised from +0.5 percent (±0.7%)* to +0.8 percent (±0.3%).

Retail trade sales were up 0.1 percent (±0.7%)* from April and were 7.5 percent (±0.8%) above last year. Gasoline stations were up 21.9 percent (±2.1%) from May 2005 and sales of nonstore retailers were up 14.1 percent (±4.5%) from last year."

Click here to view the full report.

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