June retail sales dip dampens consumer spending optimism
Purchases down 0.3 per cent. Eight of 13 major retail categories show declines in demand
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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