US retail sales up 0.5% in May

By AFP

July 15, 2010 Updated Jun 14, 2009 at 9:42 PM CDT

US retail sales rose in May, for the first time in three months, fueled mostly by higher gasoline prices, the government said Thursday amid signs a prolonged recession is easing.

The Commerce Department said sales edged up 0.5 percent in line with expectations, from a revised decline of 0.2 percent in April.

Retail sales is a key component of the US economy which is in recession since December 2007.

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