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The Economic Times
The Economic Times

US retail sales beat expectations in May as energy costs stay high

United States Kevin Warsh Samuel Tombs Middle East

US retail sales surged past expectations in May, government data showed Wednesday, boosted by higher spending at gas stations as energy costs remained elevated amid fallout from the Middle East war.

Sales were up 0.9 percent from April at $763.7 billion, the Department of Commerce said.

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