By Jill Mislinski
The Census Bureau's Advance Retail Sales Report for May was released June 14 morning. Headline sales came in at 0.55% month-over-month to one decimal and was worse than the Investing.com forecast of 0.7%. Core sales (ex Autos) came in at 0.50% MoM (to two decimals).
Here is the introduction from today's report:
Advance estimates of U.S. retail and food services sales for May 2019, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $519.0 billion, an increase of 0.5 percent (±0.5 percent)* from the previous month,