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U.S. Retail Sales Drop 1.3% In May After 2 Months Of Gains
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The transcript discusses the economic performance last month, highlighting a 1.3% decline, which was worse than expected. It notes declines in sectors like furniture, electronics, and cars, while restaurants and bars saw gains, indicating a shift towards experiences over goods as people enjoy post-lockdown freedoms. However, this trend is not universal, as clothing sales increased by 3%.
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