Boots & Sabers

The blogging will continue until morale improves...

Owen

Everything but tech support.
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0749, 16 Jun 20

Retail Sales Surge

Fantastic.

Retail sales shattered already-lofty expectations for May as consumers freed from the coronavirus-induced lockdowns began shopping again.

The 17.7% headline gain including food sales easily topped the previous record from October 2001 and beat the 8% estimate from economists surveyed by Dow Jones.

Retail sales powered 16.8% higher from April, more than double the estimate of 8% from Dow Jones and reversing a 16.4% plunge from a month ago. Clothing and accessories stores reported the biggest percentage gain at 188% while sporting goods, hobby, musical instruments and book stores rose 88.2%.
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0749, 16 June 2020

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