Commerce Data Shows May 2010 Drop in Retail Sales
The Census Bureau released data indicating that retail sales declined 1.2 percent in May 2010. However, retail sales grew 6.4 percent overall this quarter, following an increase of 8.2 percent in the first quarter. “Today's data reflects what we know…
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to be true: uncertainty remains and there is work left to do to ensure long-term economic stability,” Commerce Secretary Locke said.