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SZK - Retail Sales And Industrial Production Rise In May; Consumer Sentiment Falls In Early June
ProShares UltraShort Consumer Goods
By Robert Hughes
Retail sales and food services rose 0.5 percent in May, following an upwardly revised 0.3 percent gain in April. The May increase was the third rise in a row and fourth in the last five months. Over the past year, they are up 3.2 percent (see chart). Retail sales excluding gasoline rose 0.6 percent in May following a 0.1 percent gain in April. From a year ago, retail sales excluding gas are also up 3.2 percent (see chart).
Gains in retail sales in May were widespread among the components. The only major