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US Retail Sales Slide in May but Still Better than Expected

posted by Avatar FXTimes 711 days ago in USD, Fundamental, Retail Sales

US data today showed retail sales down 0.2% in May, as consumers pulled back on their spending on autos during the month. However this was better than some of the forecasts out there as Bloomberg expected a 0.5% drop, and Dow Jones Newswire forecast a 0.6% decline. Therefore this report can be considered better than expected, but the internals are
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