DOC: Home Furnishings Sales Decline in May, Following the Trend of All Retail Stores
WASHINGTON – While sales of furniture and home furnishings edged down in May, which mimicked the overall retail situation for the month, the category remained one of the top performers for 2021 in the Department of Commerce advance monthly retail sales report.
Leading estimates, released on June 15, show that sales of furniture and home furnishings totaled $ 12.24 billion in May, down 2.1% from April’s preliminary estimate. of $ 12.51 billion, but 2021’s $ 57.45 billion for the year is up 49.5% for the same period in 2020.
The figures for May are 66.6% higher than those for May 2020. The figures for March to May are 8.7% higher than those for the period from December 2020 to February 2021.
Overall, the DOC said total retail and restaurant services stood at $ 620.2 billion in May, down 1.3% from the total of 628 , $ 7 billion from April. For the year, the full retail picture stands at $ 2.91 trillion, up 23.9% from the same period in 2020. The three-month retail period of March to May is 11.9% higher than the previous three-month period.
While May’s picture is not the rosiest for retail as a whole, a few categories saw sales increases over the month. Clothing and clothing accessories stores led the way with a 3% increase, while health and personal care stores and food services and drinking places each added 1.8% during the year. of the month. Food stores (up 1%) and gas stations (up 0.7%) were the only other categories to reverse the month’s trend.
Building material, garden equipment and supplies dealers posted the largest decline in May of all segments, with sales 5.9% lower than in April, while general-purpose retailers ( down 5%), motor vehicle and parts dealers (down 3.7%) and retailers (-3.3%) also posted notable declines.
DOC’s advance estimates are based on a subsample of the full US Census Bureau sample in the retail and food service industry. A stratified random sampling method is used to select approximately 5,500 retail and foodservice businesses whose sales are then weighted and calibrated to represent the entire universe of over 3 million retail businesses and food service.