US retail sales rise in May amid job growth and lower fuel prices

Source: Bloomberg
© Scanpix/Reuters
US retail sales climbed 1.2% in May, on a monthly basis, after the soft increase of 0.2% in the prior month, as labour market growth and cheaper gasoline prices supported spending. Automobile sales, clothing and stores for building materials gained the most last month. The retail sales excluding volatile sales of automobiles, which account for 20% of total sales, rose by 1.0%
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