Retail sales fell much larger than Wall Street analysts had expected
Spending is expecting to shift to services from goods through the rest of the year
Credit and debit card spending fell sharply after the storm in Texas
Car and truck part dealers led the increase in retail sales
Visits to shops and recreation outlets have picked up more quickly in Europe
Estimates suggest that retail sales increased by 24.5% in June
Pent-up demand was unleashed from April to May
A 15.6% drop is forecast for April, said Statistics Canada
The pandemic has dealt a blow to the travel, retail and oil industries
As cities start to ease restrictions, economic recovery will hinge on a resilient services sector, according to a report