Retail Sales Rise in May as Import, Export Prices Soften
U.S. retail sales rose more than expected in May as households stepped up purchases of automobiles and bought other goods, as prices for imports and exports slipped.
U.S. retail sales rose more than expected in May as households stepped up purchases of automobiles and bought other goods, as prices for imports and exports slipped.
On the heels of Intel's better-than-expected June quarter earnings report, the latest U.S. business inventories and import/export reports suggest the nation's economy slowed somewhat in the second quarter.
Commerce Secretary Gary Locke on Thursday is expected to discuss an ambitious plan to double U.S. exports to $2 trillion by 2015. The initiative will aim to help struggling farmers and small businesses distribute more of their goods -- and seeks to add 2 million jobs to the economy.


