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    US Retail sales grow 0.5% in May Ani Salama

    Retail sales in the United States grew by 0.5% in May to $455.6 billion, according to the US Census Bureau advance estimate.The reading beat expectations of a modest 0.3% advance. Comparing with a year earlier, sales rose by 2.5%.Retail sales excluding the auto sector rose by 0.4% in May, in line with market expectations.

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