U.S. retail sales follow largest drop on record with largest increase

A month after recording the worst single-month drop on record in April, retail sales in the U.S. rose by a record 17.7 percent in May, according to statistics released Tuesday by the Department of Commerce. The total value of retail sales last month, $486 billion, is still 8 percent below January’s peak of nearly $530 billion, according to data from the St. Lous Federal Reserve. The retail sub-sector to see the largest gains by far

source https://therealdeal.com/2020/06/16/u-s-retail-sales-follow-largest-drop-on-record-with-largest-increase/