Retail Foodservice Sales fell 0.4% In May, As Overall Retail Spending Was Weak

Total retail spending at food services and drinking places fell 0.4% in May, to $93.6 billion from an upwardly revised $94 billion in April, according to the latest “Advance” retail sales report released June 18 by the Census Bureau. It was the lowest retail foodservice spending in nominal terms since October 2023. Retail foodservice spending…