This drop was more than the 0.7% anticipated by economists polled by Reuters, as US retail and food sales dropped to $715.4bn, according to data from the US Department of Commerce.
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Total sales for March 2025 through to May 2025 were up 4.5% from the same period a year prior, while May 2025’s figure was 3.3% higher than the level recorded during the same month last year.
Patrick O’Donnell, chief investment strategist at Omnis Investments, noted that the drop in retail sales…
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