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$1,400 stimulus checks helped March retail sales soar 9 8%

$1,400 stimulus checks helped March retail sales soar 9.8% by Joseph Pisani, The Associated Press Posted Apr 15, 2021 8:43 am EDT Last Updated Apr 15, 2021 at 8:44 am EDT NEW YORK Newly vaccinated and armed with $1,400 stimulus checks, Americans went on a spending spree last month, buying new clothes and going out to eat again. Retail sales surged a seasonally adjusted 9.8% after dropping about 3% the month before, the Commerce Department said Thursday. The rise in March was much better than the 5.5% increase Wall Street analysts had expected. Thursday’s report, which covers about a third of overall consumer spending, is the latest sign that the economy is improving as vaccinations accelerate, business restrictions are relaxed and more people are willing to head out to shop or eat. Employers, for example, added 916,000 jobs last month, the most since August. And U.S. consumer confidence surged in March to the highest level in a year.

$1,400 stimulus checks helped March retail sales soar 9 8% - Medicine Hat NewsMedicine Hat News

$1,400 stimulus checks helped March retail sales soar 9.8% Business Related Yes FILE - In this March 18, 2021 file photo, a salesperson helps a customer shopping for Bean Boots at the L.L. Bean flagship retail store in Freeport, Maine. Newly vaccinated and armed with $1,400 stimulus checks, Americans went on a spending spree last month, buying new clothes and going out to eat again. Retail sales surged a seasonally adjusted 9.8% after dropping about 3% the month before, the Commerce Department said Thursday, April 15. (AP Photo/Robert F. Bukaty, File) NEW YORK – Newly vaccinated and armed with $1,400 stimulus checks, Americans went on a spending spree last month, buying new clothes and going out to eat again.

March Retail Sales Soared 9 8%

And the $1,400 relief checks played a big role. Apr 15th, 2021 In this March 18, 2021 file photo, a salesperson helps a customer shopping for Bean Boots at the L.L. Bean flagship retail store in Freeport, Maine. Newly vaccinated and armed with $1,400 stimulus checks, Americans went on a spending spree last month, buying new clothes and going out to eat again. Retail sales surged a seasonally adjusted 9.8% after dropping about 3% the month before, the Commerce Department said Thursday, April 15. AP Photo/Robert F. Bukaty, File NEW YORK (AP) Newly vaccinated and armed with $1,400 stimulus checks, Americans went on a spending spree last month, buying new clothes and going out to eat again.

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