Business News Roundup, June 15


Retail sales

jump in May

U.S. retail sales rose by the most in six months in May, a sign that confident consumers are leading a strong economic rebound after a slow start to the year.

Yet with high gas prices and inflation eating away at income gains made by workers, Americans may not be able to maintain this level of spending.

Retail sales jumped 0.8 percent, the Commerce Department said Thursday, the largest increase since November. April’s sales growth was revised higher, from 0.2 percent to 0.4 percent.