While the world may be burning in some places, it isn't in all places ... or, at least, in those other places the thing burning is the money in some people's wallets.
Yes. May does NOT offset the cumulative impact of COVID-quarantines in the months immediately preceding; however, two things - May did post a very large rebound [some people have confidence to spend and relieve some pent up demand]; and, the forecasts were way off [17.7% increase, versus 7.7 - 8.0% expected increase]. Gee, sometimes the experts are ... way off.
This isn't to completely dismiss the value of experts, but it's a reminder of that other important axiom in a free-market economy - caveat emptor. Buyer beware.
And, in these highly volatile times, it is reasonable and completely understandable that people just don't know, and will not be correct in ...
U.S. Retail Sales Rose Record 18% in MayShoppers opened their pocketbooks in May as states eased coronavirus-related restrictions on businesses and consumers....