September 27, 2020

May retail sales destroy projections in biggest monthly jump ever

Doomsday predictions for the US economy after months of coronavirus lockdowns do not seem to be coming true.

Earlier this month, news broke that the US economy had added 2.5 million jobs despite the coronavirus crisis, and new data released this week shows that US retail sales have bounced back in the biggest monthly jump ever recorded. 

The US economy experienced the steepest downturn in its history due to mandated lockdowns, but despite the unprecedented hit to the economy, consumer confidence that the economy will return to the prosperity seen in early 2020 is higher than ever.

Breitbart reported on Tuesday:

Retail sales surged 17.7 percent [in May] compared with the prior month, according to Commerce Department data released Tuesday, easily beating expectations for an 8 percent gain.

Retail sales are now down 6.1 percent compared with a year ago following the month to month 8.3 percent decline in March and April’s 14.7 percent dive.

Excluding autos and gas station purchases, retail sales were up 12.4 percent, also a record increase.

The numbers indicate a high degree of “pent-up demand.”

Despite the fact that millions of Americans lost their jobs due to the devastating impact the lockdowns had on small businesses, it seems that the $3 trillion rescue package passed in early April has successfully bridged the gap.

People aren’t just buying essentials anymore. Clothing and accessories stores reported a 188 percent jump in sales, and furniture store sales rose 89.7 percent in May.

Sales at sporting goods stores, hobby shops, musical instruments stores, and book stores also rose 88.2 percent. Sales at restaurants and bars rose 29 percent. Sales at electronics and appliances stores rose 50.5 percent.

Consumer spending accounts for about 70 percent of US GDP, so the fact that Americans are not afraid to spend their money despite economic uncertainty points to the US economy roaring back faster than ever imagined.

Are you optimistic that the Trump economy will return before November? Scroll down to the comments section to let us know what you think!

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24 Responses

  1. This is great news (keep it up) Thanks to President Trump, Vice President Pence, families, staff, supporters, and to hard working Americans , even with rioters

    1. President Trump didn’t paint a gloom and doom picture like the liberal democrats President Trump said we will rebuild and regain our economy bigger and better he said do not despair we can and we will rebuild and We The People are working to do just that thank you President Trump for fighting for the United States and the American People
      TRUMP 2020 KEEP AMERICA GREAT

    1. President Trump is a positive man. He sees the possibilities and goes after them for the sake of Americans and their country!

  2. This Man is a business man and not a career politition. If this was any other elected president we would be under lock down forever. If we want our country back the way we want it then Mr. Trump needs to be re elected.!

    1. Very true way to go mr president keep up the stand make America great again we the people are with you and back you100 persent

  3. I said all along that President Trump would take care of us. If only the democrats could be so appreciated for what he’s done for us. Not the Democratic party they been hateful toward who I voted for and it has to stop now. Don’t like it get the hell out of Congress!

  4. In President Trump’s hands, all the way! He knows what he is doing! I have been confident since he and the First Lady came down the escalator together to announce ” I’m running for President”!
    Run he did, so fast, the dems knew they were in trouble. Had to hide all of their
    corruption, set up the coup and thought all of them were so smart. Not smart enough! You are going to pay big time!
    The lives you ruined, you will be paying back, you can bet on it. Trump, Trump, Trump. Honk your horns, supporters of President Trump. Let”s pick a time across this land. Let”s say 5pm every day! Do not fail, we will blast our horns to let everybody know, we are Trumpers!

  5. WE NEED TO VOTE FOR TRUMP ON 11/3/20. IF THE DEMOS WIN (BY NEFARIOUS MEANS) WE WILL BE IN DEEP TROUBLE. ALL THE GOOD THINGS HE HAS DONE FOR OUR COUNTRY WILL BE REMOVED AND WE WILL BE ON OUR WAY TO BECOMING A SOCIALIST COUNTRY. WORKING 3 JOBS JUST TO SURVIVE – IF YOU CAN FIND ANY JOB, PLUS BEING HI-JACKED BY HORRID TAXES FOR EVERYTHING!! WE HAD 8 YEARS OF THAT – DON’T FALL FOR THE LIES & PROMISES – SOCIALISM IS NOT FOR OUR COUNTRY. THAT JUST PROTECTS THOSE IN CHARGE WHILE THE REST SUFFER!!
    YOU MADE THE RIGHT CHOICE IF YOU VOTED FOR HIM LAST TIME – FOLLOW THROUGH AGAIN IN NOVEMBER!! HE KEEPS HIS PROMISES. THOSE THAT ARE AGAINST HIM JUST WANT TO BE IN CHARGE. DON’T BUY INTO THOSE LIES!! REMEMBER WHAT THE DEMO LED HOUSE HAS DONE WASTING OUR TAXES ON TRYING TO REMOVE TRUMP. LM

    PLEASE DON’T ASK FOR MONEY. I’M AN ELDERLY WIDOW & MY DAYS ARE NUMBERED!!

    LM

  6. Confidence is everywhere you look in the Country. President Trump will win in November and unheard-of prosperity will be seen in all sectors of our economy.

  7. God bless and bless Trump, such a gift to our magnificent country, which democratic party(full of traitors, deserved to be isolated from our society for the rest of their life in some island, with all their jackals liberal sponsors) is dragging to perdition, such a blessing…

  8. …………..V – recovery on our economy sounds very real………….. U.S.A. growth looks STRONG and soon to be
    HEALTHY………. THANK YOU PRESIDENT TRUMP………….

  9. YOU BET!! TRUST THE MAN THAT DID IT ALREADY!! NOW HEAR WE GO AGAIN!! MR TRUMP KNOWS WHATAND HOW TO RUN THIS COUNTRY!!! AND USHER IN NEW MONEY, NEW IDEAS ABOUT HELPING EVERYONE TO BE MORE PROSPEROUS!! THAT IS THE GODLY WAY!!

  10. The best President ever of the US of A!
    Four more years! This is the time for REVIVAL in America like the Revival in Hebrides. That was a beautiful story that everyone should read. Its no coincidence that you are our President. It was truly an appointed time by God.
    Thank you President Trump, your family, Vice President Pence and Cabinet Members. You are truly our Godsend!
    God is guiding you wholeheartedly!
    Let us all pray for President Trump, Vice Pres. Pence and their families’ protection. God Bless America and Keep America Great Forever!

  11. The best President ever of the US of A!
    Four more years! This is the time for REVIVAL in America like the Revival in Hebrides. That was a beautiful story that everyone should read. Its no coincidence that you are our President. It was truly an appointed time by God.
    Thank you President Trump, your family, Vice President Pence and Cabinet Members. You are truly our Godsend!
    God is guiding you wholeheartedly!
    Let us all pray for President Trump, Vice Pres. Pence and their families’ protection. God Bless America and Keep America Great Forever!

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