Sales among U.S. retailers fell 0.2% last month, the Commerce Department announced. It was the first decline after 10 straight increases. Auto sales dropped 2.9%, the largest decline since February 2010. But excluding the weak car sales, retail sales rose 0.3%.
Source: U.S. Department of Commerce - commerce.gov
Treasury Yield Curve
Treasury Yield Sources: Bloomberg, L.P.; Bondsonline.com;
Wall St. Journal; federalreserve.gov; ustreas.gov
Consumer Confidence Index
The Conference Board Consumer Confidence Index®, which had improved in April, decreased in May. The Index now stands at 60.8 (1985=100), down from 66.0 in April. The Present Situation Index decreased to 39.3 from 40.2. The Expectations Index declined to 75.2 from 83.2 last month.
Source: The Conference Board - www.conference-board.org
Purchasing Managers Index
Manufacturing continued its growth in May as the PMI registered 53.5 percent, a decrease of 6.9 percentage points when compared to April's reading of 60.4 percent. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting.
Source: Institute for Supply Management - Manufacturing Report on Business - www.ism.ws
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