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U.S. retail and food service sales jump a record 17.7% in May

from PYMNTS

U.S. retail and food service sales jump a record 17.7% in May PYMNTS U.S. retail and food services sales rebounded in May from April amid the pandemic, but they were still under levels seen in May 2019, according to the latest U.S. Census Bureau advance monthly sales numbers. The agency estimated advance monthly sales for May of $485.5 billion, which marked a 17.7% jump from April. That’s the biggest monthly gain since the census bureau began tracking retail sales in 1992, but still 6.1% under May 2019 levels. READ MORE

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