Summary: The May retail sales report peeled back the curtain on the health of the U.S. consumer amid one of the worst global pandemics in modern history. Consumer spending rebounded in May following April’s record plunge. Online sales maintained their strength and spending in the beaten down core components rebounded sharply during the month. Here were the main numbers compared to Bloomberg estimates: Headline retail sales: +17.7% vs. +8.4% expected, -14.7% in April.
