More Clicks Not Bricks In May: Online Retail Gains 12.2% YOY
May retail sales saw a 0.5% increase during the month according to the U.S. Census Bureau’s retail sales report. This gain was more good news after the 1.3% increase in April, marking two months of consecutive gains. The latest retail data seems to suggest that the consumer is healthy, an important economic data point as it accounts for two-thirds of U.S. output. The latest data might also prove a complicating factor for the Federal Reserve.
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