Retail sales in Europe are rebounding

Retail sales in Europe are rebounding

In the past few months, countries around Europe have been emerging from their coronavirus-imposed lockdowns. In May, total retail trade jumped 17.8% in the Euro area of 19 countries compared to the month before, according to official statistics released last week. Business could only increase from the plunge recorded in April, and the news was tempered by the reality that retail trade remained down about 5% versus the same time last year.