Following the easing of coronavirus lockdowns across the country, U.S. retail numbers from May show a surge of 17.7%. That jump, which more than doubled the 8% increase experts had predicted, set the record for the largest single month jump in history.
The 17.7% number includes food sales, but retail alone plowed forward 16.8%, nearly completely reversing the devastating 16.4% slide that occurred in April. The numbers were encouraging across the board:
- Clothing and accessories stores: 188% increase.
- Sporting goods, books, and music stores: 88.2% increase.
- Motor vehicles and parts stores: 44.1% increase.
- Food service stores: 29.1% increase.
The Dow set to open Tuesday up 1,000 points.