Retail sales fell again in May but the preliminary estimate suggests they rebounded strongly in June as non-essential stores re-opened. Consumers may transition away from spending on goods as the restrictions on services are further eased, but we expect total consumer spending to recover strongly.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services