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US retail sales unexpectedly rise in sign of consumer resilience

Value of retail purchases climbed 0.3% in May after a 0.4% gain in April

Bloomberg News

US retail sales unexpectedly rose in May, showcasing resilient consumer demand in the face of mounting economic challenges. The value of retail purchases climbed 0.3% after a 0.4% gain in April, Commerce Department data showed Thursday. Excluding autos and gasoline, sales were up 0.4%. The figures aren’t adjusted for inflation. The overall figure beat all […]

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