US shoppers returned with vigor in May in partial rebound
Last updated 6/16/2020 at 11:13am
JOSH BOAK and ANNE D'INNOCENZIO
AP Business Writers
BALTIMORE (AP) — American shoppers ramped up their spending on store purchases by a record 17.7% from April to May, delivering a dose of energy for retailers that have been reeling since the coronavirus shut down businesses, flattened the economy and paralyzed consumers during the previous two months.
The government's report Tuesday showed that consumers' retail purchases have retraced some of the record-setting month-to-month plunges of March (8.3%) and April (14.7%) as businesses have increasingly reopened. Still, the pandemic's damage...