Retail spending is reaching prepandemic norms. Month-over-month retail sales were up 0.6 and 4.6 percent in the United States and the eurozone, respectively, over the summer. China marked a rise of 12.1 percent compared with last year, indicating strengthened consumer confidence.
![Consumers starting to spend like it’s 2019](/~/media/mckinsey/featured%20insights/charting%20the%20path%20to%20the%20next%20normal/2021/september/gif%20charts/pub-gei-july-v4-ex2-shrunk-timed.gif)
To read the article, see “Global Economics Intelligence executive summary, July 2021,” August 9, 2021.