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PSL - Discretionary Spending Categories Drag Down May Retail Sales
Invesco DWA Consumer Staples Momentum ETF
Retail sales and food-services spending fell 1.3% in May following gains in three of the prior four months.
Core retail sales, which exclude motor vehicle dealers and gasoline retailers, posted an 0.8% decline for the month, leaving that measure with a 23.8% gain vs. a year ago.
For May, the major categories shown in the report had mixed results though most of the declines tended to be in discretionary categories while the gains came in consumer staples.