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NRF: Mixed Signals in June
July 14,
2010 by in UnCategorized 
By Home Furnishings Business in economic news on July 15, 2010
June retail industry sales excluding automobiles, gas stations, and restaurants decreased 0.5 percent seasonally adjusted over May and increased 3.3 percent unadjusted year-over-year, according to the National Retail Federation.
NRF reports sales based on monthly figures from the U.S. Department of Commerce minus autos, gasoline and restaurant sales. Commerce's total retail sales, which include those non-general merchandise categories, decreased 0.5 percent seasonally adjusted over May and increased 4.9 percent unadjusted year-over-year.
Todays data shows consumers continue to take a cautious approach towards shopping, said NRF President and CEO Matt Shay. However, growth in key areas such as electronics, apparel and department stores is an encouraging sign as we enter the back-to-school shopping season.
June retail sales showed solid year-over-year growth but modest month-to-month growth in most sectors. Electronics and appliance stores sales increased 1.3 percent seasonally adjusted from last month and 7.6 percent unadjusted over last year. Sales at furniture and home furnishing stores decreased 1.1 percent seasonally adjusted month-to-month but increased 2.1 percent unadjusted year-over-year. Health and personal care stores sales increased 0.5 percent seasonally adjusted over May and 2.2 percent unadjusted year-over-year.