Retail sales up though consumer spending slows
from Gourmet Retailer
Though retail sales rose for the 11th straight month in May, rising gas prices and a weak labor market took the steam out of consumer spending, with only a few retail sectors reporting growth. According to the National Retail Federation, retail industry sales which exclude automobiles, gas stations and restaurants for May increased 0.1 percent seasonally adjusted from April, and 5.0 percent unadjusted year-over-year.
7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063