14.06.2016 14:38:27

U.S. Retail Sales Climb More Than Expected In May

(RTTNews) - Retail sales in the U.S. increased by more than expected in the month of May, according to a report released by the Commerce Department on Tuesday.

The Commerce Department said retail sales climbed by 0.5 percent in May after surging up by 1.3 percent in April. Economists had expected sales to rise by 0.3 percent.

Excluding an increase in auto sales, retail sales still rose by 0.4 percent in May following a 0.8 percent increase in the previous month. The ex-auto sales growth matched economist estimates.

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