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CA retail trade, May 2024
Retail sales decreased 0.8% to $66.1 billion in May. Sales were down in eight of nine subsectors, led by decreases at food and beverage retailers. Core retail sales—which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers—were down 1.4% in May. In volume terms, retail sales decreased 0.7% in May. Following an increase of 1.2% in April, core retail sales were down 1.4% in May on lower receipts at all core retail subsectors, with the largest decrease in sales being at food and beverage retailers (-1.9%). Sales at food and beverage retailers were down on lower sales at supermarkets and ... (full story)