U.S. retail sales rose less than expected in May, but that probably will do little to change expectations of an acceleration in growth this quarter as data for the prior months was revised higher.
The Commerce Department said on Thursday retail sales gained 0.3 percent last month. Retail sales, which account for a third of consumer spending, rose by a revised 0.5 percent in April.
Economists polled by Reuters had forecast sales gaining 0.6 percent after a previously reported 0.1 percent rise in April.
Reports on employment, manufacturing and services industries have suggested growth would rebound strongly in the second quarter after the economy contracted at a 1.0 percent annual rate in the January-March period.