Commerce reported that May retail sales—at $620.2 billion—were off 1.3% compared to April and up 28.1% compared to May 2020, whereas April retail sales saw a 0.9% sequential gain and a 53.4% annual increase. And from March through May, total retail sales rose 36.2% compared to the same period a year ago.
Source: logistics Mgmt
U.S. retail sales post strong numbers in May, despite slight sequential decline
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