June retail sales dip dampens consumer spending optimism
Purchases down 0.3 per cent. Eight of 13 major retail categories show declines in demand
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Washington
SALES at US retailers unexpectedly dropped in June, upending optimism about the strength of the rebound in consumer spending during the second quarter.
Purchases decreased 0.3 per cent after a 1 per cent advance in May that was smaller than previously reported, Commerce Department figures showed on Tuesday in Washington. Eight of 13 major retail categories showed declines in demand.
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