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Decline in Retail Sales Eased in May, Mastercard Data Shows
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American shoppers, all dressed up with nowhere to go, started spending at closer to normal levels again last month.
U.S. retail sales, including online and in-person transactions, fell 5.6% in May from a year ago, according to a new study from Mastercard SpendingPulse. That’s an improvement from the 14.1% drop it recorded the previous month. The credit-card company uses payments in its network and surveys to review spending levels worldwide.