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decoding="async" data-nimg="1" style="color:transparent" srcSet="/_next/image?url=%2Fassets%2Ficon-caret-right.svg&w=16&q=75 1x" src="/_next/image?url=%2Fassets%2Ficon-caret-right.svg&w=16&q=75"/></li><li>Press Releases</li></ul><div class="ArticlePage_articlePage__AotXE"><div class="ArticlePage_articlePage_type__GVHqq">Press Release</div><div class="ArticlePage_articlePage_inner___IE_S"><h1 style="text-align:left">NRF Says Retail Sales Increased Again in May</h1><div class="ArticlePage_articlePage_header__iXKTG"><div class="ArticlePage_articlePage_header_bio__K_FAx"><strong>For immediate release</strong><div>June 15, 2023</div></div><div class="ArticlePage_articlePage_header_social__z3dgq"><div></div></div></div><div class="ArticlePage_articlePage_content__YoRae"><div class="CalloutQuoteBox_calloutQuoteBox__5LCLe" data-testid="quote-test" style="float:left;margin-right:30px;margin-bottom:30px"><div class="CalloutQuoteBox_calloutQuoteBox_quote__emBGz" style="text-align:center"><svg style="fill:currentColor" width="60" height="42" viewBox="0 0 60 42" xmlns="http://www.w3.org/2000/svg" class="CalloutQuoteBox_calloutQuoteBox_quote_topIcon__A2ms8"><path d="M23.2 3.52C20.32 5.12 17.8667 7.14666 15.84 9.6C13.8133 12.0533 12.8 14.5067 12.8 16.96C12.8 19.52 14.2933 20.8 17.28 20.8C19.9467 20.8 22.1333 21.6533 23.84 23.36C25.6533 25.0667 26.56 27.3067 26.56 30.08C26.56 33.1733 25.44 35.7867 23.2 37.92C20.96 40.0533 17.8667 41.12 13.92 41.12C9.76 41.12 6.4 39.7333 3.84 36.96C1.28 34.1867 0 30.7733 0 26.72C0 20.64 2.02667 15.36 6.08 10.88C10.1333 6.4 15.1467 2.77334 21.12 0L23.2 3.52ZM55.84 3.52C52.96 5.12 50.5067 7.14666 48.48 9.6C46.4533 12.0533 45.44 14.5067 45.44 16.96C45.44 19.52 46.9333 20.8 49.92 20.8C52.5867 20.8 54.7733 21.6533 56.48 23.36C58.2933 25.0667 59.2 27.3067 59.2 30.08C59.2 33.1733 58.08 35.7867 55.84 37.92C53.6 40.0533 50.5067 41.12 46.56 41.12C42.4 41.12 39.04 39.7333 36.48 36.96C33.92 34.1867 32.64 30.7733 32.64 26.72C32.64 20.64 34.6667 15.36 38.72 10.88C42.7733 6.4 47.7867 2.77334 53.76 0L55.84 3.52Z"></path></svg><p class="CalloutQuoteBox_calloutQuoteBox_quote_text__epzXR">"Consumers continued to spend on household priorities in May, supported by gains in the job market and wages."</p><p class="CalloutQuoteBox_calloutQuoteBox_quote_author__HAqL8">NRF President and CEO Matthew Shay</p><svg style="fill:currentColor" width="60" height="42" viewBox="0 0 60 42" xmlns="http://www.w3.org/2000/svg" class="CalloutQuoteBox_calloutQuoteBox_quote_bottomIcon__mOs8_"><path d="M23.2 3.52C20.32 5.12 17.8667 7.14666 15.84 9.6C13.8133 12.0533 12.8 14.5067 12.8 16.96C12.8 19.52 14.2933 20.8 17.28 20.8C19.9467 20.8 22.1333 21.6533 23.84 23.36C25.6533 25.0667 26.56 27.3067 26.56 30.08C26.56 33.1733 25.44 35.7867 23.2 37.92C20.96 40.0533 17.8667 41.12 13.92 41.12C9.76 41.12 6.4 39.7333 3.84 36.96C1.28 34.1867 0 30.7733 0 26.72C0 20.64 2.02667 15.36 6.08 10.88C10.1333 6.4 15.1467 2.77334 21.12 0L23.2 3.52ZM55.84 3.52C52.96 5.12 50.5067 7.14666 48.48 9.6C46.4533 12.0533 45.44 14.5067 45.44 16.96C45.44 19.52 46.9333 20.8 49.92 20.8C52.5867 20.8 54.7733 21.6533 56.48 23.36C58.2933 25.0667 59.2 27.3067 59.2 30.08C59.2 33.1733 58.08 35.7867 55.84 37.92C53.6 40.0533 50.5067 41.12 46.56 41.12C42.4 41.12 39.04 39.7333 36.48 36.96C33.92 34.1867 32.64 30.7733 32.64 26.72C32.64 20.64 34.6667 15.36 38.72 10.88C42.7733 6.4 47.7867 2.77334 53.76 0L55.84 3.52Z"></path></svg></div></div><div class="Block100_block100_container__cJfD8" style="text-align:start;margin:auto;width:auto"><div data-testid="block-100" class="Block100_block100__yhiED block100_ref" id="block2fe78dc2-efd5-4a1c-b5a0-29d46d457811" style="padding:0px"><style> #block2fe78dc2-efd5-4a1c-b5a0-29d46d457811 img { undefined false false undefined } #block2fe78dc2-efd5-4a1c-b5a0-29d46d457811 iframe { box-shadow: ; undefined false false undefined </style><div><div data-testid="rich-text" class="RichTextBloks_richTextBlocks__aa0VW"><p>WASHINGTON – Retail sales rose again in May as consumers continued to spend despite economic challenges, the National Retail Federation said today.</p><p>“Consumers continued to spend on household priorities in May, supported by gains in the job market and wages,” NRF President and CEO Matthew Shay said. “Retailers recognize the ongoing pressure on cost-sensitive consumers and are offering competitive pricing, a wide product mix and convenient shopping options to help stretch family budgets.”</p><p>“This was a positive report with no sign of an abruptly slowing economy despite what has happened with inflation and interest rate pressures,” NRF Chief Economist Jack Kleinhenz said. “Even though shoppers dialed back in some categories on a year-over-year basis, these numbers confirm that consumers still have the capacity to spend. Job growth and wages are providing buoyancy, although inflation continues to take a bite out of consumer income. May is typically a strong month for retail as spring shopping hits its peak, but above-average temperatures and below-average precipitation no doubt played a favorable role.”</p><p>The <a href="https://www.census.gov/retail/marts/www/marts_current.pdf">U.S. Census Bureau</a> today said overall retail sales in May were up 0.3% from April and up 1.6% year over year. In April, sales were up 0.4% month over month and up 1.2% year over year.</p><p>NRF’s calculation of retail sales – which excludes automobile dealers, gasoline stations and restaurants to focus on core retail – showed May was up 0.4% from April and up 4.4% unadjusted year over year. In April, sales were up 0.6% month over month and up 1.4% year over year. NRF’s numbers were up 3% unadjusted year over year on a three-month moving average as of May. Sales were up 4.2% year over year for the first five months of the year.</p><p>May sales were up in six out of nine retail categories on a yearly basis, led by health and personal care stores, online sales and grocery and beverage stores, and up in all but two on a monthly basis. Specifics from key sectors include:</p></div></div></div></div><div class="Block100_block100_container__cJfD8" style="text-align:start;margin:auto;width:auto"><div data-testid="block-100" class="Block100_block100__yhiED block100_ref" id="blockc3f5242d-9156-41f8-8b83-1feca64edc3b" style="padding:0px"><style> #blockc3f5242d-9156-41f8-8b83-1feca64edc3b img { undefined false false undefined } #blockc3f5242d-9156-41f8-8b83-1feca64edc3b iframe { box-shadow: ; undefined false false undefined </style><div><div data-testid="rich-text" class="RichTextBloks_richTextBlocks__aa0VW"><ul><li><p>Health and personal care stores were unchanged month over month seasonally adjusted but up 9.7% unadjusted year over year.</p></li><li><p>Online and other non-store sales were up 0.3% month over month seasonally adjusted and up 8.7% unadjusted year over year.</p></li><li><p>Grocery and beverage stores were up 0.3% month over month seasonally adjusted and up 3.7% unadjusted year over year.</p></li><li><p>Sporting goods stores were up 0.3% month over month seasonally adjusted and up 2.5% unadjusted year over year.</p></li><li><p>Building materials and garden supply stores were up 2.2% month over month seasonally adjusted and up 1.9% unadjusted year over year.</p></li><li><p>General merchandise stores were up 0.4% month over month seasonally adjusted and up 1.7% unadjusted year over year.</p></li><li><p>Clothing and clothing accessory stores were unchanged month over month seasonally adjusted but down 0.2% unadjusted year over year.</p></li><li><p>Electronics and appliance stores were up 0.2% month over month seasonally adjusted but down 4.1% unadjusted year over year.</p></li><li><p>Furniture and home furnishings stores were up 0.4% month over month seasonally adjusted but down 4.5% unadjusted year over year.</p></li></ul></div></div></div></div><div class="Block100_block100_container__cJfD8" style="text-align:start;margin:auto;width:auto"><div data-testid="block-100" class="Block100_block100__yhiED block100_ref" id="block12de4bf3-5242-490a-a13d-ce6665fcb226" style="padding:0px"><style> #block12de4bf3-5242-490a-a13d-ce6665fcb226 img { undefined false false undefined } #block12de4bf3-5242-490a-a13d-ce6665fcb226 iframe { box-shadow: ; undefined false false undefined </style><div><div data-testid="rich-text" class="RichTextBloks_richTextBlocks__aa0VW"><p>As the leading authority and voice for the retail industry, NRF provides data on retail sales each month and also forecasts annual retail sales and spending for key periods such as the holiday season each year.</p><p><b>About NRF</b><br/>The National Retail Federation passionately advocates for the people, brands, policies and ideas that help retail succeed. From its headquarters in Washington, D.C., NRF empowers the industry that powers the economy. Retail is the nation’s largest private-sector employer, contributing $3.9 trillion to annual GDP and supporting one in four U.S. jobs – 52 million working Americans. For over a century, NRF has been a voice for every retailer and every retail job, educating, inspiring and communicating the powerful impact retail has on local communities and global economies. <a href="http://nrf.com">nrf.com</a></p></div></div></div></div></div><div class="ArticlePage_articlePage_footer__ejvzt"><div class="ArticlePage_articlePage_footer_tags__6ixZo"><ul><li><a href="/search?crawler_prod_NRFCOM%5BrefinementList%5D%5BcontentCategory%5D%5B0%5D=Retail%20Sales">Retail Sales</a></li><li><a href="/search?crawler_prod_NRFCOM%5BrefinementList%5D%5BcontentCategory%5D%5B0%5D=Economy">Economy</a></li><li><a href="/search?crawler_prod_NRFCOM%5BrefinementList%5D%5BcontentCategory%5D%5B0%5D=Inflation">Inflation</a></li></ul></div><div class="ArticlePage_articlePage_footer_social__i6Xa8"><div></div></div></div><div class="ArticlePage_articlePage_pressContact__2lO0b"><div class="ArticlePage_articlePage_pressContact_header__1JGdd">Press Contacts</div><div 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Job growth and wages are providing buoyancy, although inflation continues to take a bite out of consumer income. May is typically a strong month for retail as spring shopping hits its peak, but above-average temperatures and below-average precipitation no doubt played a favorable role.”\"]}],[\"$\",\"p\",\"4\",{\"children\":[\"The \",[\"$\",\"a\",\"3\",{\"href\":\"https://www.census.gov/retail/marts/www/marts_current.pdf\",\"target\":\"$undefined\",\"children\":\"U.S. Census Bureau\"}],\" today said overall retail sales in May were up 0.3% from April and up 1.6% year over year. In April, sales were up 0.4% month over month and up 1.2% year over year.\"]}],[\"$\",\"p\",\"5\",{\"children\":[\"NRF’s calculation of retail sales – which excludes automobile dealers, gasoline stations and restaurants to focus on core retail – showed May was up 0.4% from April and up 4.4% unadjusted year over year. In April, sales were up 0.6% month over month and up 1.4% year over year. NRF’s numbers were up 3% unadjusted year over year on a three-month moving average as of May. Sales were up 4.2% year over year for the first five months of the year.\"]}],[\"$\",\"p\",\"6\",{\"children\":[\"May sales were up in six out of nine retail categories on a yearly basis, led by health and personal care stores, online sales and grocery and beverage stores, and up in all but two on a monthly basis. 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