May US Retail Sales Edged Up for Second Month

May US Retail Sales Edged Up for Second Month

U.S. retail and food service sales edged up 0.6 percent in May 2013 to $421 billion, according to the latest seasonally adjusted retail report from the Census Bureau. This accelerated from a 0.1 percent increase in April and extended growth to a second month. The retail sales-to-inventory ratio, also seasonally adjusted, hit its highest level since July 2009 in April.

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