Author Topic: Retail sales surge 9.8 percent in March, spurred by stimulus  (Read 295 times)

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Online mystery-ak

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Retail sales surge 9.8 percent in March, spurred by stimulus
« on: April 15, 2021, 12:56:49 pm »
Retail sales surge 9.8 percent in March, spurred by stimulus
By Niv Elis - 04/15/21 08:51 AM EDT

Retail sales in March surged 9.8 percent as $1,400 stimulus checks were issued, the weather improved, and vaccination rates increased.

The figure was well above the 6.1 percent economists expected, and was a return to form after major storms in February led to a 3 percent drop. That figure was revised upward to 2.7 percent.

The $619.1 billion in sales was a whopping 27.7 percent higher than last March, when the pandemic hit in earnest and lockdowns took hold across the country.

Paired with a stronger-than-expected showing in weekly jobless claims, which fell significantly to 576,000, stock market futures jumped, with a 150-point increase, or 0.5 percent, expected for the Dow Jones Industrial Average.

Thursday's data are the latest signs of an economy waking up from an extended slumber, reflecting eased COVID-19 restrictions and a vaccination campaign that has already seen over a third of the population receive at least one dose of a COVID-19 vaccine.

It is also a boost for President Biden, who pushed aggressively to pass a $1.9 trillion COVID-19 relief bill last month to stimulate the economy and get people back to work.

https://thehill.com/policy/finance/548375-retail-sales-surge-98-percent-in-march-spurred-by-stimulus
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Re: Retail sales surge 9.8 percent in March, spurred by stimulus
« Reply #1 on: April 15, 2021, 01:11:29 pm »
Mostly in gun shops?
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Online mystery-ak

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Re: Retail sales surge 9.8 percent in March, spurred by stimulus
« Reply #2 on: April 15, 2021, 01:13:13 pm »
Mostly in gun shops?

I should have bought another gun but I got a new washer/dryer combo.. :shrug:
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Re: Retail sales surge 9.8 percent in March, spurred by stimulus
« Reply #3 on: April 15, 2021, 01:33:36 pm »
If I can just get my hands on a few hundred rounds of 9mm ammo, I'll be happy. At the rate things are going, that may eat up the $1,400!  :laugh:
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Offline catfish1957

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Re: Retail sales surge 9.8 percent in March, spurred by stimulus
« Reply #4 on: April 17, 2021, 02:42:16 pm »
Gubmt economy being propped up by Pedo-Joe gimme checks.
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Re: Retail sales surge 9.8 percent in March, spurred by stimulus
« Reply #5 on: April 17, 2021, 03:00:22 pm »
Gubmt economy being propped up by Pedo-Joe gimme checks.

Watch it fall like a rock by the end of may. 
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