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Retail sales in Australia increased 2.4 percent month-over-month in June 2020, slowing from a 16.9 percent jump in the previous month, a preliminary reading showed. Retail sales in the U.S. increased by 17.7 percent in May, but were still below 2019 numbers. 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. 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. And even companies able to keep many of its locations open during the pandemic are feeling the pain. There were large increases in turnover in cafes, restaurants and takeaway food services, and clothing, footwear and personal accessory retailing. May's print marked the best result since December 2019. Photo: Stephanie Keith/Getty Images 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 record drops caused by the coronavirus pandemic , according to figures released today by the United States Census Bureau . U.S. retail sales rose an astonishing 17.7% in May 2020. 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. Looks like a BIG DAY FOR THE STOCK MARKET, AND JOBS.”The biggest increase from April to May came from clothing stores, which had an increase of 188 percent after it saw a jaw-dropping nearly 79 percent dip between March and April, according to the Census Bureau. May retail sales show biggest one-month increase of ALL TIME, up 17.7%,” Trump tweeted. The positive increase last month was the first time since March — when many of the state’s stay-at-home orders were put into place — sales had an increase, according to the Census Bureau.However, May’s sales numbers were still 6.1 percent below the figures in May 2019 and retail sales between March to May dropped a whopping 10.5 percent compared to the same time last year, the Census Bureau said.“All of these kinds of things want to feel like good news,” said retail consultant . A first estimate of retail sales in volume and value terms, seasonally and non-seasonally adjusted. 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. In addition, manufacturing production and home sales fell in April.
Retail sales in Australia increased 2.4 percent month-over-month in June 2020, slowing from a 16.9 percent jump in the previous month, a preliminary reading showed. Retail sales in the U.S. increased by 17.7 percent in May, but were still below 2019 numbers. 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. 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. And even companies able to keep many of its locations open during the pandemic are feeling the pain. There were large increases in turnover in cafes, restaurants and takeaway food services, and clothing, footwear and personal accessory retailing. May's print marked the best result since December 2019. Photo: Stephanie Keith/Getty Images 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 record drops caused by the coronavirus pandemic , according to figures released today by the United States Census Bureau . U.S. retail sales rose an astonishing 17.7% in May 2020. 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. Looks like a BIG DAY FOR THE STOCK MARKET, AND JOBS.”The biggest increase from April to May came from clothing stores, which had an increase of 188 percent after it saw a jaw-dropping nearly 79 percent dip between March and April, according to the Census Bureau. May retail sales show biggest one-month increase of ALL TIME, up 17.7%,” Trump tweeted. The positive increase last month was the first time since March — when many of the state’s stay-at-home orders were put into place — sales had an increase, according to the Census Bureau.However, May’s sales numbers were still 6.1 percent below the figures in May 2019 and retail sales between March to May dropped a whopping 10.5 percent compared to the same time last year, the Census Bureau said.“All of these kinds of things want to feel like good news,” said retail consultant . A first estimate of retail sales in volume and value terms, seasonally and non-seasonally adjusted. 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. In addition, manufacturing production and home sales fell in April.