US retail sales post record 17.7% jump in May, doubling estimates, as consumer activity rebounds
Tuesday, 16 June 2020 ()
 · US retail sales jumped a record 17.7% in May, the Commerce Department reported Tuesday. That was more than double the consensus economist estimate.· The gain comes after two consecutive months of record slumps as the coronavirus pandemic slowed consumer spending activity. · The sharp rebound is a positive sign that the... |
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