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Retail Sales in U.S. Declined for Second Month in May

June 13, 2012

Retail sales in the U.S. fell in May for a second month as slower employment and subdued wage gains damped demand, a sign the world's largest economy is cooling.

The 0.2 percent decrease followed a similar decline in April that was previously reported as a gain, Commerce Department figures showed today in Washington. Last month's drop matched the median forecast of 79 economists surveyed by Bloomberg News. Sales excluding automobiles slumped by the most in two years.

Limited gains in payrolls and unemployment exceeding 8 percent signal it'll be tough for consumer spending



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