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May 2023 Retail Landscape

Intelligent Economics > Blog > May 2023 Retail Landscape

Retail sales provide us with a snapshot of consumer spending and how the changes in consumer spending affect the different industries in the retail sector. When observing the recent month of May 2023 when compared year over year with May 2022 shows nominal growth in sales for 14 of the 18 industry categories, which totaled $3.3 billion in sales and percentage terms reflected a 4.4% growth.

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