Connect with us

Business

Retail sales explode in March as consumers use stimulus checks to spend heavily – CNBC

Retail sales were expected to rise 6.1% in March, according to economists surveyed by Dow Jones.

Published

on

Article feature image
ADVERTISEMENT

A fresh batch of stimulus checks sent consumer purchases surging in March as the U.S. economy continued to get juice from aggressive congressional spending.
Advance retail sales rose 9.8% for the month, the Commerce Department reported Thursday. That compared to the Dow Jones estimate of a 6.1% gain and a decline of 2.7% in February.
Sporting goods, clothing and food and beverage led the gains in spending and contributed to the best month for retail since the May 2020 gain of 18.3%, which came after…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
See the latest mask policies for several national chains – WOODTV.com
Article feature image
SpaceX’s Starlink internet satellites to connect with Google Cloud systems – Space.com
Article feature image
Pipeline attacker Darkside suddenly goes dark—here’s what we know – Ars Technica