by Freedonia Industry Studies
June 18, 2020
One statistic of note from the May 2020 monthly retail sales release was the sharp increase in sales from such retail establishments as building materials suppliers and lawn and garden retailers. These segments posted sales increases that were up over 15% from April to May 2020. More interestingly, on a year-by-year basis, retail sales by building materials suppliers and lawn and garden retailers were up over 17% compared to 2019.
While some of this is due to the normal pickup in building construction activity in spring as the weather improves, this sharp increase in sales is also due to:
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