middle easten
Back in business

Back in business

17-06-2021 | Daily sketch

Yesterday, the US Census Bureau reported a 1.3% decrease in May US retail sales month over month. Although this sounds worrisome, comparing the sales with pre-pandemic 2019 shows a remarkable recovery has taken place. Businesses hurt the most, such as furniture stores (-27% in 2020), clothing stores (-62%), and restaurants & bars (-39%), are already selling more than before the pandemic.

E-commerce is a clear pandemic winner, and continues to be strong, with year-over-year sales up 8.6%. Others are also holding up well, with grocery & liquor store sales 16% above pre-pandemic levels and showing no decline since last year, despite a sharp rise in restaurant and bar sales. It’s safe to say that the US is back in business.

Now also follow us on Instagram
Now also follow us on Instagram

US retail sales by select category, USD billion

Source: US Census

It is said that a picture paints a thousand words. Robeco’s Trends Investing team monitors markets closely. Every morning our trends experts collect the most relevant and intriguing graph or chart for you and present it with their commentary in the Daily Sketch. All graphics provided are collected from Bloomberg data or other public websites. They do not necessarily reflect the opinion of Robeco. Please cite all references or quote the original source if replicating content.
More about Trends Investing.

Subjects related to this article are:


Robeco Institutional Asset Management B.V. (DIFC Branch) is regulated by the Dubai Financial Services Authority (“DFSA”) and only deals with Professional Clients and Market Counterparties, and does not deal with Retail Clients as defined by the DFSA.

Neither information nor any opinion expressed on the website constitutes a solicitation, an offer or a recommendation to buy, sell or dispose of any investment, to engage in any other transaction or to provide any investment advice or service. An investment in a Robeco product should only be made after reading the related legal documents such as management regulations, prospectuses, annual and semi-annual reports, which can be all be obtained free of charge at this website and at the Robeco offices in each country where Robeco has a presence.

Please confirm that you are a professional investor and/or institutional investor and that you have read, understood and accept the terms of use for this website.

I Disagree