U.S. retail and food service sales extended growth to a third straight month in June 2013, edging up 0.4 percent from May to $422.8 billion, according to the latest seasonally adjusted retail report from the Census Bureau. This was down from May's monthly 0.5 percent increase. The retail sales-to-inventory ratio, also seasonally adjusted, was unchanged this month.
June’s sales value was up 1.8 percent from the level in January, when it was $415.1 billion. Year-over-year, sales rose for a third consecutive month in June, growing 5.7 percent, up from 4.4 percent year-over-year growth in May. Year-over-year growth has been consistent since October 2009. Sales in the first half of 2013 totaled $2.5 trillion, up 4.3 percent over the same period in 2012.
The U.S. retail inventory-to-sales ratio, which is reported one month behind retail sales, remained flat in May 2013 from April's 1.41 ratio, and rose 0.03 percentage point from 1.38 in May 2012. The ratio has remained between 1.39 and 1.41 in every month this year through May.