Retail sales are up, but the numbers reflect a time before all of the new COVID-19 cases. U.S. manufacturing also surged in June, automakers were the biggest winners. And, sports betting has carried on creatively even with many leagues paused.
We regained a lot of the ground lost during the height of the lockdowns. But, as infections have surged, businesses that were able to reopen have had to readjust. Diane Swonk, chief economist at Grant Thornton, has more.