Retail Sales Rise More Than Forecast as U.S. Consumers Spend

June 14, 2016 12:31 PM

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Retail sales rose more than forecast in May, showing consumer spending will help boost economic growth in the second quarter.

The 0.5 percent increase in purchases followed a 1.3 percent jump the previous month that was the biggest gain in a year, Commerce Department figures showed Tuesday in Washington. The median forecast of 81 economists surveyed by Bloomberg projected a 0.3 percent advance. Excluding purchases of autos...

Also read: Sales of new homes rose 3.1 percent in September

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