NRF: Census retail sales data for May shows a ‘Reasonably Healthy Consumer’
Data released by the U.S. Census Bureau shows retail sales grew again in May and helped drive a still-expanding economy. “May’s retail sales give us a snapshot of a reasonably healthy consumer even though spending growth is fluctuating somewhat,” said Jack Kleinhenz, chief economist, NRF. “These numbers indicate that the economy continues to expand at a solid pace. Job gains...
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