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June retail sales dip dampens consumer spending optimism

Purchases down 0.3 per cent. Eight of 13 major retail categories show declines in demand

Cars and light trucks sold at a 17.1 million annualised rate in June, down from a 17.7 million pace in May, capping the strongest quarter since 2005.


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...

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