US: Retail Sales Surge in May as Consumers Come Flooding Back

<p>Retail sales surged by 17.7% month-on-month in May completely blowing away market expectations of 8% growth. Moreover, the April figure was revised up from a 16.4% contraction to a 14.7% decline. The level of retail sales in May was 7.9% below where it was in February, prior to state lockdowns. The volatile categories of motor […]</p>
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