Trademagazin > News and articles > Market News > Retail sales in the United States grew at a record rate in May
Retail sales in the United States grew at a record rate in May
Retail and hospitality sales grew at a record rate in May in the United States after a sharp decline in the previous two months as another sign that the recession caused by the coronavirus pandemic has come to an end or is at least coming to an end.
The U.S. Department of Commerce announced on Tuesday that the seasonally and calendar-adjusted value of retail sales and hospitality was 485.5 billion USD in May, which is 72.9 billion USD, higher (17.7 percent), compared to the previous month. (MTI)
Related news
Hungarian-American agricultural diplomacy is experiencing a golden age
Hungarian-American bilateral relations are growing stronger, whether it is politics,…
Read more >Barcodes are being replaced after half a century
A new era in retail is about to begin: the…
Read more >Drugstore price cuts could come from mid-May: prices may be reduced in 30 product categories
The Hungarian government is planning to introduce a new markup…
Read more >
More related news >
Related news
Metro Partners With Multicedi In Italy, Makro Expands In Spain
Italian wholesalers Metro Italia and Multicedi have partnered to support…
Read more >Nestlé invests in Zimbabwe cereal manufacturing plant
The “strategic upgrade” includes the addition of a fourth roller…
Read more >Viktor Orbán: we will introduce margin reduction for new products as well, if necessary
The margin regulation must be maintained because people must be…
Read more >