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Washington DC & Mid-Atlantic  + Retail  |  June 16, 2020
David Cohen
By: David Cohen

Commerce Department: U.S. Retail Sales Rose 18% in May

Retail sales rose 17.7% in May, rising dramatically from April’s rock-bottom levels, according to the U.S. Commerce Department’s advance monthly sales for retail and food services report released June 16.

May is the first month that has shown positive month-over-month growth since the COVID-19 pandemic halted the U.S. economy. In April, retail sales were down 14.7% from March, and March dropped nearly 10% from February.

Advance estimates of U.S retail and food services sales for May 2020 was $485.5 billion, an increase of 17.7% from April but still 6.1% below May of 2019.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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