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US retail sales

US retail sales surge; weekly jobless claims fall
World

US retail sales surge; weekly jobless claims fall

  • Many qualified households have received additional $1,400 checks, which were part of the White House's $1.9 trillion rescue package approved in early March. The massive fiscal stimulus also extended a government-funded $300 weekly unemployment supplement through Sept. 6.
  • At the same time, temperatures have warmed up and the public health situation has been rapidly improving, allowing more restaurants to offer dining services.
Published 15 Apr, 2021 07:26pm
Harsh weather temporarily weighs on US retail sales in February
World

Harsh weather temporarily weighs on US retail sales in February

  • Retail sales dropped by a seasonally adjusted 3.0% last month, the Commerce Department said on Tuesday. Data for January was revised up to show sales rebounding 7.6% instead of 5.3% as previously reported. Economists polled by Reuters had forecast retail dropping 0.5% in February.
  • With many households set to get another round of direct checks that are more than double what they received in January, we expect spending to receive another jolt in just a few months time.
Published 16 Mar, 2021 08:39pm
US retail sales rebound strongly in January amid additional stimulus
World

US retail sales rebound strongly in January amid additional stimulus

  • Retail sales surged by a seasonally adjusted 5.3% last month, the Commerce Department said on Wednesday.
  • Further gains in sales are expected in the months ahead. The US Congress is considering President Joe Biden's $1.9 trillion recovery plan, which will include an additional $1,400 checks to households.
Published 17 Feb, 2021 08:56pm
US retail sales fall again in December
World

US retail sales fall again in December

  • Data for November was revised down to show sales declining 1.4% instead of 1.1% as previously reported.
  • The report followed in the wake of news last week that the economy shed jobs in December for the first time in eight months.
Published 15 Jan, 2021 07:46pm