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The total retail sales value in April was $3.9 billion. Online sales accounted for 12.6 per cent of this, lower than March’s 13.3 per cent.

On the other hand, on an annual basis, retail sales rose 3.3% in May. Industrial production in the US, meanwhile, fell 0.2% on a monthly basis in May, despite forecasts of a no change in the figure.

The May Retail Sales report on Tuesday showed sales were down 0.9% to miss the consensus estimate of -0.5%. Core retail sales were down 0.3% month-over-month vs. +0.2% consensus. Home improvement ...