Advance retail sales are out.
Sales rose 0.6% in May, according to the advance report, beating expectations for a 0.4% gain.
Retail sales excluding autos rose 0.3%, matching economists' estimates.
Retail sales excluding autos and gas also rose 0.3%, in line with expectations.
From the release:
The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for May, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $421.1 billion, an increase of 0.6 percent (±0.5%) from the previous month, and 4.3 percent (±0.7%) above May 2012. Total sales for the March through May 2013 period were up 3.7 percent (±0.5%) from the same period a year ago. The March to April 2013 percent change was unrevised from 0.1 percent (±0.3%)*.
Retail trade sales were up 0.7 percent (±0.5%) from April 2013 and 4.3 percent (±0.7%) above last year. Nonstore retailers were up 11.3 percent (±2.1%) from May 2012 and building material and garden equipment and supplies dealers were up 10.1 percent (±4.0%) from last year.
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