follow us

 U.S. Commerce Department reports slight sales increase in May over April

Washington. -- U.S. Commerce Secretary Gary Locke said he sees a conservative uptick in the U.S. economy, based on the country’s retail and food services sales in May – which proved better than April’s results.

The U.S. Commerce Department’s Census Bureau reported that U.S. nominal retail sales rose 0.5% in last month. Motor vehicle and parts sales also rose 0.5% in May and gasoline sales also increased, but by more, at 3.6%, partly reflecting the renewed rise in prices. And other sales edged up 0.1%.

“Today’s numbers reflect improving consumer confidence,” Locke said in a statement. “The Recovery Act is making life a little easier for families and businesses, and there are early signs of progress across the country.”

But, he warned, May sales “are still below their first-quarter average, reminding us of how difficult the economic environment remains.”

Featured Video

  • Online Moves From Afterthought To Main Thought For Textiles Suppliers

    Camera Icon More Videos

Other Home Furnishings Sites

Casual Living
Gifts and Decorative Accessories
Home Accents Today
Kids Today
Furniture Today