The unexpected strength of the bounce-back in retail sales in May could mean that we are underestimating the potential for economic activity to return to pre-pandemic levels soon. Nevertheless, capacity in some sectors, like eat-in dining, will remain limited by physical distancing requirements, while the renewed rise in coronavirus infections over the past couple of weeks represents a downside risk to sales.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services