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U.S. Retail Sales Rise Solidly In May

Video Credit: Wochit News - Duration: 00:33s - Published < > Embed
U.S. Retail Sales Rise Solidly In May

U.S. Retail Sales Rise Solidly In May

According to Reuters, U.S. retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up in consumer spending that could ease fears the economy was slowing down sharply in the second quarter.

The report from the Commerce Department on Friday followed a raft of weak data, including a step-down in hiring in May and tame inflation readings.

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