E-commerce sales increased 92.7% year-over-year in May, consumer spending appears to be normalizing in a number of markets, and furniture sales grew 7.5 percent year-over-year in May, the strongest growth rate for the sector since August 2018, according to a report release recently.
The report, Mastercard SpendingPulse, tracks overall retail sales across all payment types including cash and check. The report released earlier this month estimated $53 Billion in additional U.S. E-commerce sales as pandemic drives consumers online in April and May.
Check out the report here.
