US retail sales fall more than expected in May

US retail sales fall more than expected in May

Figure down 1.3% from previous month; analysts estimated 0.8% decline

News Service AA

US retail sales fell more than expected in May, according to figures released Tuesday by the Census Bureau.

Retail sales came in at $620.2 billion, down 1.3% from the revised level of $628.7 billion in April. Analysts expected a 0.8% decline on a monthly level.

The figure, however, was 28.1% higher compared to May 2020.

"Clothing and clothing accessories stores were up 200.3% from May 2020, while food services and drinking places were up 70.6% from last year," the agency said in a statement.


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