Retail Sales Drop; CE and Appliances Weak

U.S. retail sales dropped 0.2 percent in the month of May, the first monthly drop in that figure in nearly a year, the U.S. Commerce Dept. said Tuesday.

Sales of electronics and appliances, meanwhile, fell 1.3 percent, the largest decline in over a year.

According to Reuters, the overall number was actually more positive than analysts had feared.

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