U.S. May Retail Sales Surge +17.7%

U.S. May Retail Sales SurgeRetail sales shattered already-lofty expectations for May as consumers freed from the coronavirus-induced lockdowns began shopping again.

The 17.7% headline gain including food sales easily topped the previous record from October 2001 and beat the 8% estimate from economists surveyed by Dow Jones.

Read On CNBC.com