BALTIMORE — U.S. retail sales likely recovered somewhat last month as the economy increasingly reopened from shutdowns caused by the coronavirus and more shoppers felt confident enough to spend.
The Commerce Department is expected to report Tuesday that retail purchases climbed 9% from April to May, according to economists surveyed by the data provider FactSet. This would mark a partial comeback after a 16.4% month-to-month plunge in April, the worst such drop on records going back to 1992, and an 8.3% drop in March.
