Retail sales rise again, pointing to resilience of the U.S. economy

The numbers: Sales at retailers rose 0.3% in May and showed surprising resilience, underscoring the durability of the current U.S. economic expansion.Retail sales represent about one-third of consumer spending and offer clues about the strength of... The numbers: Sales at retailers rose 0.3% in May and showed surprising resilience, underscoring the durability of the current U.S. economic expansion.

Retail sales were still pretty good in May, up 0.4%, if car dealers and gas stations are set aside. That gives a better idea of consumer demand.One category economists watch closely is bars and restaurants, the only service sector in the retail report. Restaurant receipts increased a solid 0.4%. Big picture: Retail sales might not show much improvement this year, but they are holding steady despite higher interest rates.

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