Americans Undeterred on Spending
Retail sales climbed in May by the most since November
Americans are still spending despite higher fuel prices. U.S. retail sales rose in May by the most in six months, exceeding forecasts and bolstering expectations for an acceleration in economic growth this quarter. The value of overall sales advanced 0.8 percent from the prior month, double the median estimate of economists and following an upwardly revised 0.4 percent gain in April, according to Commerce Department figures on Thursday.