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U.S. Retail Sales Rise 0.5% In May, April Data Revised Significantly Higher

A report released by the Commerce Department on Friday showed U.S. retail sales rose by slightly less than expected in the month of May, although the report also showed a substantial upward revision to the retail sales data for April. The Commerce Department said retail sales climbed by 0.5 percent in May after rising by an upwardly revised 0.3 percent in April.
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