July 9, 2020

Fathom’s Chart of the Day 08.07.2020: Strong bounce in May retail sales to be followed by further gains in June

by Fathom Consulting.

Euro area retail sales rose by 17.8% in May, following a 12.1% plunge in April. That left total sales down 5.1% year-on-year. It is clear from these figures that there was pent-up demand in May. The question is whether that represents a one-off spending spree following weeks of lockdown, or is evidence that consumers will have less psychological scarring from the recent epidemic than some had feared. It is hard to be definitive, but daily alternative data, point to a further rise in spending last month. Average visits to retail and recreation stores continued to rise in June, pointing to an ongoing consumer recovery.

Refresh this chart in your browser | Edit the chart in Datastream

This chart is taken from Fathom’s Recovery Watch newsletter. Click here to subscribe to Recovery Watch and Forums.

Next forum date: Monday 13 July 2020.

__________________________________________________________________________________

Datastream

Financial time series database which allows you to identify and examine trends, generate and test ideas and develop view points on the market.

Refinitiv offers the world’s most comprehensive historical database for numerical macroeconomic and cross-asset financial data which started in the 1950s and has grown into an indispensable resource for financial professionals. Find out more.

Get In Touch

Subscribe

We have updated our Privacy Statement. Before you continue, please read our new Privacy Statement and familiarize yourself with the terms.×