US retail sales come down from their stimulus-fueled high
CNN
US retail sales came back down to Earth in April after stimulus checks sent Americans on a shopping spree in March.
Month-over-month, retail sales were flat in April, the Census Bureau reported Friday. Stripping out car and auto parts, sales actually declined slightly, by 0.8%. The massive March advance that came on the back of a new round of stimulus checks from the American Rescue Plan was revised up to 10.7%, from 9.7% reported initially. Even though April sales were weaker than economists expected, total sales over the past three months are still up a whopping 27% compared with the same period a year ago.More Related News