Retail sales at sporting goods, hobby, book and music stores fell in
May, according to advance estimates of U.S. retail sales released by the
U.S. Census Bureau Thursday. The estimates, which will be revised twice
in coming months, indicate consumers shifted spending toward cars,
furniture and other larger ticket items rather than leisure as the
weather warmed.
Census estimated sales by sporting goods, hobby, book and music
stores reached $6.75 billion in May, down 0.1 percent from April and
down 1.5 percent from May 2013, after adjusting for differences in the
retail calendar.
By comparison, adjusted sales at department and other general
merchandise stores in May declined -1.4 percent from April and -2.0
percent from May 2013.
At clothing and clothing accessories stores, adjusted sales
declined 0.6 percent from April and were up 1.4 percent from May, 2013.
Adjusted sales by online, catalog and other non-store retailers rose
0.6 percent from April and were up 7.4 percent from May 2013.
Advance estimates provide the government’s first estimate of
monthly U.S. retail sales. They are based on a survey of 5,000 retail
and food services firms and will be revised twice in coming months as
more data becomes available. So-called "adjusted estimates" seek to
exclude the impact of changes in the selling calendar from one month,
quarter or year to the next, but do not adjust for changes in prices.
By press release
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