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US retail sales dropped -0.3% mom in May, ex-auto sales up 0.5% mom

ActionForex
By ActionForex

US retail sales dropped -0.3% mom to USD 672.9B in May, worse than expectation of 0.2% mom rise. Ex-auto sales rose 0.5% mom, below expectation of 0.8% mom. Ex-gasoline sales dropped -0.7% mom. Ex-auto, ex-gasoline sales rose 0.1% mom. Retail trade sales were down -0.4% mom.

For the 12-month period, retail sales rose 8.1% yoy. Gasoline station jumped 43.2% yoy. Food & beverage stores rose 7.9% yoy.

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