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Retail Sales Dropped 1.3% in May as Pandemic Shopping Habits Shifted - The Wall Street Journal
Jun 15, 2021 36 secs
Retail sales dropped in May, marking a shift in consumer spending from big-ticket items to goods and services related to going out amid business reopenings and higher vaccination rates.

Consumers cut spending by 1.3% last month, trimming expenditures on autos, furniture, electronics, building materials and other items, the Commerce Department reported Tuesday.

Spending on one service—restaurants and bars—rose 1.8% last month, sending food-service sales beyond pre-pandemic levels.

Credit- and debit-card spending on many leisure services rose in May from April, according to data tracked by Earnest Research.

In the four weeks ending June 2, spending at casinos rose nearly 17% from the four weeks prior, while consumers spent 9% more at theme parks and indoor-entertainment centers including bowling alleys, according to Earnest Research.

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