Skip to navigationSkip to content

The American consumer is roaring back to life

Shoppers walk past the Chanel Boutique on Rodeo Drive in Beverly Hills, California.
AP Photo/Richard Vogel
Walk on, buy.
By Melvin Backman
Published Last updated This article is more than 2 years old.

The preliminary US retail sales numbers for May (pdf) are fresh from the US Census Bureau, and they’re looking pretty good, up 1.2% from April. Year-over-year growth is climbing again, too, after several months of declines during what was a particularly harsh winter for large portions of the country.

Especially encouraging are sales of things like furniture and building supplies, which pair well with the notion that housing is turning around.

On top of that, there was growth in discretionary categories, suggesting that a more broadly based economic recovery might be around the corner.

📬 Kick off each morning with coffee and the Daily Brief (BYO coffee).

By providing your email, you agree to the Quartz Privacy Policy.