Tuesday, June 14, 2016

Retail Sales Rise More Than Forecast as U.S. Consumers Spend

Image result for retail salesRetail sales rose more than forecast in May, showing consumer spending will help boost economic growth in the second quarter.

The 0.5 percent increase in purchases followed a 1.3 percent jump the previous month that was the biggest gain in a year, Commerce Department figures showed Tuesday in Washington. The median forecast of 81 economists surveyed by Bloomberg projected a 0.3 percent advance. Excluding purchases of autos and gasoline, sales climbed 0.3 percent.. . . more

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