Retail Sales Drop, CE Up
June 13, 2010
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Retail sales in the U.S. dropped 1.2 percent in May, the first drop since September, according to figures released Friday by the Census Bureau.
The estimated May total was $362.5 billion, a figure which represented a 7.4 percent gain from the same month last year.
Electronics and appliances, however, were a bright spot, rising to an estimated $7.87 billion from April's $7.2 billion figure.
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