Retail Sales Surge in May, Electronics DropJune 14, 2013
The electronics and appliance category, however, dropped 0.4 percent.
“The economy is improving, albeit slowly, but we still have a long way to go,” NRF chief economist Jack Kleinhenz said as part of the announcement.
“Stagnant salaries continue to constrain further economic acceleration. While sequester and tax increases dampened sales growth in the first quarter, it appears that the economy absorbed most of the blow.”