U.S. May Retail Sales Fall More Than Expected

The video discusses the decline in retail sales by 1.3% for the month, which was more than the expected 0.8% drop. This decline is attributed to the fading impact of stimulus checks. Auto sales were affected by a chip shortage, and gas prices rose less than expected. The service sector, particularly food services, showed growth, with food services and drinking places increasing by 1.8%. The video also touches on how these figures are analyzed, including the potential use of a three-month moving average.

What was the actual decline in retail sales for the month compared to the forecasted drop?

• 1.7% decline compared to a 1.3% forecasted drop

• 1.3% decline compared to a 0.8% forecasted drop

• 0.8% decline compared to a 1.3% forecasted drop

• 1.3% decline compared to a 1.7% forecasted drop

Which factor contributed to the decline in auto sales?

• Higher interest rates

• Increase in gasoline prices

• Chip shortage

• Decrease in consumer demand

How did gasoline prices affect the retail sales numbers?

• They rose less than the seasonal adjustment

• They fell significantly

• They rose more than the seasonal adjustment

• They remained unchanged

What is expected to drive real growth in the service sector?

• Retail trade sales

• Auto sales

• Gasoline prices

• Food services and restaurants

By how much did food services and drinking places increase?

• 0.8%

• 1.8%

• 2.0%

• 1.3%