June 29, 2024
Finance

Retail sales increase less than expected in May

Retail sales increased at a slower-than-expected pace in May as high interest rates and inflation continued to weigh on consumers. Retail sales increased 0.1%, less than the 0.3% economists had expected. In April, retail sales ticked down 0.2%, according to revised data from the Commerce Department. Excluding autos and gas, retail sales increased 0.1%, below

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