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U.S. retail sales drop unexpectedly in May

Published 06/13/2010, 05:34 AM
Investing.com – Retail sales in the United States dropped unexpectedly in May, official data showed on Friday.

In a report, the Commerce Department said U.S. retail sales slid 1.2% during the month, after growth of 0.6% in April.

Economists had expected growth of 0.3% in May.

The drop in U.S. retail sales, a primary indicator of consumer spending, was the first in eight months.


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