Summary: Retail sales up 0.9% in May; higher than expected; broader spending holding up, reflects tight job market, strong household balance sheet; shift towards higher prices, slower volume growth; largest influence on month from department store sales. Growth figures of domestic retail sales spent most of the 2010s at levels below the post-1992 average. While economic conditions had been generally favourable, wage growth and inflation rates were low. Expenditures on...