By  on June 14, 2018

U.S. consumers continued to open their wallets in May, pushing retail sales up at the fastest pace seen in six months and fueling hopes for second-quarter economic growth despite rising gasoline prices.

Nationwide retail sales ticked up by 0.8 percent between April and May, according to the U.S. Commerce Department, beating market expectations for a 0.4 percent increase and pushing year-over-year growth up to 5.9 percent.

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