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June 13, 2007
Retail Sales Rebound In May
Retail sales rebounded in May, posting a gain of 1.4 percent, in a sign that the U.S. economy is getting back on track. The increase surprised economists who predicted a lower growth rate following April’s slight 0.1 percent increase.
Clothing sales led the gain with a 2.7 percent increase, as consumers shook off concerns over high gas prices and hit the stores.
Posted by Blacks on June 13, 2007 09:34 AM
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