Gain in U.S. Retail Sales Suggests Slowdown Was Temporary
Retail Struggles While Consumers See a Rebound
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A pickup in U.S. retail sales last month adds to signs of steady consumer spending that will help propel the economy after a first-quarter slowdown, Commerce Department data showed Friday.
Including the revision, the retail figures were close to estimates and show little more than steady demand at the start of the second quarter. The caveat was the smaller-than-expected 0.2 percent advance in so-called core sales.