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US retail sales surged 17.7% in May

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  1. 16 juin

    Retail sales rose 17.7% in May from the previous month, well above the 8% forecast. via

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  2. 16 juin

    May 2020 & food services seasonally adjusted sales were $485.5b, up 17.7% from April 2020, but down 6.1% from May 2019

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  3. 16 juin

    May retail sales surged 17.7%, the biggest monthly jump ever.

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  4. 16 juin

    A big beat in retail sales data, rising 17.7% vs the 8.4% estimate. Stock futures rise to session highs.

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  5. 16 juin

    Retail sales jump 17.7% in May amid COVID-19 pandemic by

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  6. 16 juin

    America’s retail sales surged 17.7% in May as shoppers headed back to newly reopened stores that had closed their doors for months. The increase was far better than economists had expected. reports.

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  7. 16 juin

    US May Retail Sales dramatic recovery: up 17.7% vs April 2020; Down 1.63% vs May 2019. (still significantly down by historical standards, you'd expect ~4% YoY growth vs 1.63% decline, but good news)

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  8. 16 juin

    Wow! May retail sales show biggest one-month increase of ALL TIME, up 17.7%. Far bigger than projected. Looks like a BIG DAY FOR THE STOCK MARKET, AND JOBS!

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  9. 16 juin

    Stores opened in May and people shopped with sales rising 17.7% from April and that’s better than was expected. All category spending was way up, but many key retail categories are still way down from a year ago (-6.1%).

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  10. 16 juin

    The report is a spotlight on the . Clothing and accessories store sales are down 63.4% from a year ago. Electronics and appliance stores are down 29.9% and furniture and home down 21.5% from year-ago.

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  11. 16 juin

    Highlight: breaks down May retail sales:

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  12. 16 juin

    More big data beats from the U.S. Retail sales MoM comes in at 17.7% vs expected 8.4%. Prior revised up from -16.4% to -14.7%.

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  13. 16 juin

    This is a huge, huge number. Since April, restaurants up 27%, furniture stores +92%, clothing stores +189%. My take: We don't know if we're in the middle of a sharp "V" recovery. But we do know that we're in the middle of the "V" period of the recovery.

    BREAKING: US May retail sales surge 17.7% in the biggest monthly jump ever
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  14. 16 juin

    Total US retail sales are down 7.7% in May over the same period last year. Not great, but not a disaster either and shows that retail is on the road to recovery after a horrible April.

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  15. 16 juin

    Retail sales rose 17.7% in May as the economy began to reopen. But they're still down nearly 8% from February, before the pandemic hit.

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  16. 16 juin

    Here's a number you don't see often: Clothing-store sales up 188% in May (but still down nearly 2/3 over past year).

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  17. 16 juin

    Restaurants and bars were up 29% in May, even sit-down restaurants were still closed in much of the country. But again: Still down 39% from a year ago.

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  18. 16 juin

    Monthly percentage changes can be misleading. So here are retail sales in levels -- makes clear that we made up a big chunk of the decline in May, but still have a ways to go.

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  19. 16 juin

    This is going to be a key point for virtually all economic data in coming months: Large percentage changes off low levels can still leave you in a deep hole. (e.g. if you go down 50% and then bounce back up 50%, you're still down 25% from where you started).

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  20. 16 juin

    One key question looking ahead: How much of May jump in retail sales was catch-up buying ("finally I can replace those sweatpants I ripped the first week of quarantine!") vs sustained demand?

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  21. 16 juin

    Online sales up strongly but, as a proportion of overall sales, they are falling from the high of April when most non-essential stores were shut down. This underlines the point that what happened at the peak of the pandemic was not a new normal for digital; it was an exception.

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  22. 16 juin

    That said, there's no doubt online sales will remain far higher than they were before this crisis. Retailers need to look to the channel to offset declines in physical as some consumers remain reluctant to come out and shop - and in case of a second wave lockdown.

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  23. 16 juin

    Downsides to 'recovery'? The cliff-edge of ending enhanced unemployment benefits at the start of August. This is a big issue as employment will build slowly and removing extra benefits will quickly take spending power away from consumers. Second wave lockdown also a big red flag!

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  24. 16 juin

    Highlight: Prof. Mark Cohen on May retail sales: "I don't want to rain on everybody's parade but this is complete foolishness... The notion this is the beginning of a trend is unwise. It's a surge that's a nice to see but I don't think it's sustainable."

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  25. 16 juin

    Thanks to surprisingly strong May retail sales, "we now estimate that real consumption and overall GDP both contracted at a 30% annualised pace in the second quarter, rather than the 40% fall we previously expected." -

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  26. 16 juin

    Retail sales post record resurgence in May, rising 17.7% after falling by a record 14.7% in April. The bounce retraces only a portion of the sales drop registered in the record COVID-19 declines

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  27. 11 juin

    Another 1.54 million Americans filed for unemployment benefits last week bringing the total to more than 44 million since the coronavirus outbreak.

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