14 May, 2021

Consumer retail sales surge

Here’s some good news. Seems people are out there continuing to spend. Retail sales are up.

Retail sales—a measure of purchases at stores, at restaurants and online—overall were unchanged last month from March, the Commerce Department reported Friday. That kept spending at the same pace set by March’s upwardly revised 10.7% advance, which was influenced by government-stimulus money for most households.

Wall Street Journal

Hopefully people return to work and will no longer need to rely on government stimulus money.

Image by gonghuimin468 from Pixabay
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About : Kevin Bae

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