U.S. retail and food service sales edged up 0.6 percent in May 2013 to $421 billion, according to the latest seasonally adjusted retail report from the Census Bureau. This accelerated from a 0.1 percent increase in April and extended growth to a second month. The retail sales-to-inventory ratio, also seasonally adjusted, hit its highest level since July 2009 in April.
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May US Retail Sales Edged Up for Second Month
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