April, May | featured news

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US retail sales dropped 0.2 percent in May

U.S. retail sales declined in April and May, pulled down by a sharp drop in gas prices. But even after excluding volatile gas sales, consumers barely increased their spending... Americans did spend more in May on big purchases. Sales of cars, furniture and appliances all increased. That suggests consumers may be gaining more confidence in the economy.

Senh: Bad news, good news. I think, this article is more good news than bad news.

 

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