U.S. Retail Sales Rose Strongly on Stimulus in January

In Featured by ThePeopleLeave a Comment

The U.S. economy’s recovery picked up as consumers used stimulus checks to boost retail spending in January to its largest increase in seven months, a significant jump that comes as manufacturers continued to increase output and employers resumed hiring.

The latest positive signs came on Wednesday when the government said retail sales, a measure of purchases at stores, at restaurants and online, jumped a seasonally adjusted 5.3% in January from a month earlier, and manufacturing output neared pre-pandemic levels.

“Consumer spending is firing on all cylinders,” said James Knightley, an…


Leave a Comment