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US retail sales slow, but growth outlook still upbeat

from Reuters

U.S. retail sales braked sharply in April after strong gains in the prior two months, but that did little to change views the economy was poised for faster growth this quarter. The Commerce Department recently said retail sales edged up 0.1 percent last month, held back by declines in receipts at furniture, electronic and appliance stores, restaurants and bars and online retailers. more


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