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U.S. Consumption Trends by Week
Compared to last year, U.S. general merchandise sales increased 5% in the week ending May 23.
Source: The NPD Group/Point-of-Sale Early Indicator Report, NPD Universe, WE May 23, 2020
Industries Included: Apparel, Footwear, Auto Aftermarket, Watches, Housewares, Small Domestic Appliances, Toys, Video, Sports Accessories, Consumer Technology, Office Supplies, Prestige Beauty, Juvenile Products
General Merchandise Sales Continue to Increase
The Economic Impact Payments, increased unemployment benefits, shifts in discretionary spending, and the need to feed the homebound lifestyle continued to keep retail sales active in the week ending May 23.