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Receipts at service stations rose 0.3%.Building materials and garden equipment sales edged up 0.1%, while online and mail-order purchases jumped 1.4%.Sales at clothing stores were unchanged and receipts at furniture outlets nudged up 0.1%. Compared to May last year, retail sales increased 3.2%.Excluding automobiles, gasoline, building materials and food services, retail sales advanced 0.5% last month after an upwardly revised 0.4% rise in April. The trade war between the United States and China, which escalated recently, is also hurting the economy.Last month, sales at auto dealerships accelerated 0.7% after dropping 0.5% in April. “They’re not going into physical stores in April and in May.”Despite sales figures still being down compared to 2019, President “Wow! Meanwhile, the trend pointed down, with the annual average variation of retail sales coming in And even companies able to keep many of its locations open during the pandemic are feeling the pain. Data. But while the figures  are on the rise, the two-month loss of sales could be the final nail in the coffin for retailers already struggling to survive what’s been dubbed a “retail apocalypse.” and permanently shutter its nearly 540 stores around the country.

Retail sales in the United States spiked by 17.8 percent between April and May, a sign that the market is starting to recover after . These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product.They were previously reported to have been unchanged in April. However, the numbers were still far below spending from the same time last year.Total retail sales around the county were $485.5 billion in May, an increase from the revised $412.6 billion in April. Clothing store sales in May were still down by 42.9 percent compared to 2019.Other sectors to post huge gains between April and May were furniture stores — which increased by nearly 90 percent — and sporting goods, hobby, musical instruments and book stores, which all together posted an 88.2 percent gain in May.Emergency measures to halt the spread of the coronavirus caused many retailers to temporarily shutter in late March while shoppers stayed at home and millions of Americans lost their jobs.March and April saw historic declines in retail sales but experts believed May’s numbers to start improving as many states started to lift coronavirus restrictions and malls and shops reopened.

U.S. retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up in consumer spending that could ease fears the economy was slowing down sharply in the second quarter.The Commerce Department said on Friday retail sales rose 0.5% last month as households bought more motor vehicles and a variety of other goods. The economy grew at a 3.1% pace in the January-March quarter after getting a temporary boost from exports and an accumulation of inventory.Exports dropped in April and inventory investment is slowing. Sales at bars and restaurants increased 0.7% last month, while those at hobby, musical instrument and book stores rose 1.1%.Got a confidential news tip? Retail sales fell 2.8% year-on-year in May (April: -7.5% yoy). Data for April was revised up to show retail sales gaining 0.3%, instead of dropping 0.2% as previously reported.Economists polled by Reuters had forecast retail sales climbing 0.6% in May. Detailed revisions analysis for three months, Great Britain; includes a 12-month comparison.

We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.Shoppers walk past sale signs in a mall, White Plains, N.Y. U.S. retail sales rose an astonishing 17.7% in May 2020. Retail sales in the U.S. increased by 17.7 percent in May, but were still below 2019 numbers. Sales were down 10.5% from last year, indicating a recession for the second quarter of 2020. On a monthly basis, retail sales rose 0.79% in May, which was broadly in line with April’s 0.77% expansion. as it switches its focus on to-go orders and expects to lose $3.2 billion in revenue during its third quarter, which ends in June. The reading marked the best result since November 2019. May retail sales show biggest one-month increase of ALL TIME, up 17.7%,” Trump tweeted.

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