From the NEW YORK TIMES:
Sales at retailers unexpectedly fell in May, raising some questions about how much consumers will be able to continue contributing to an economic recovery.
According to a Census Bureau report released on Friday, retail sales dropped in May for the first time since last fall, driven mostly by a sharp plunge in purchases of building materials…
The decline came even as a private survey showed that consumer confidence was increasing. The Thomson Reuters/University of Michigan preliminary index of consumer sentiment rose to 75.5 in June. from 73.6 in May….
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