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
István Nagy: Hungarian melon season starts with good quality melons
Compared to last year, the volume of melon imports has…
Read more >Fitch: Global economy recovering as tariff war eases – China and US may drive growth
Fitch Ratings expects stronger-than-expected economic performance in 2025: according to…
Read more >The consumer protection authority also checks watermelons during the summer period
The National Trade and Consumer Protection Authority (NKFH) and experts…
Read more >
More related news >
Related news
István Nagy: Hungarian melon season starts with good quality melons
Compared to last year, the volume of melon imports has…
Read more >Ministry of Agriculture: We must bring producers and consumers closer together
By strengthening the short supply chain, we must bring producers…
Read more >Spanish Eroski stays on course thanks to AI and private labels
Despite higher costs, supermarket group Eroski ended the quarter with…
Read more >