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DonViejo

(60,536 posts)
Thu Apr 15, 2021, 09:26 AM Apr 2021

Retail sales surge 9.8 percent in March, spurred by stimulus

Source: The Hill


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.

Read more: https://thehill.com/policy/finance/548375-retail-sales-surge-98-percent-in-march-spurred-by-stimulus

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Retail sales surge 9.8 percent in March, spurred by stimulus (Original Post) DonViejo Apr 2021 OP
Surprise, surprise! Giving money to people creates money and velocity of money! bucolic_frolic Apr 2021 #1
Hey! I was going to say that! Aussie105 Apr 2021 #6
Spent yesterday! CountAllVotes Apr 2021 #2
What percent of the time twodogsbarking Apr 2021 #3
I have been seeing people in Ross and Marshall with shopping carts full of stuff. kimbutgar Apr 2021 #4
The GOP's worst fear. nt C Moon Apr 2021 #5

bucolic_frolic

(43,128 posts)
1. Surprise, surprise! Giving money to people creates money and velocity of money!
Thu Apr 15, 2021, 09:40 AM
Apr 2021

Giving money to banks and rich people and businesses creates capital in a ledger.

Surprise! The Fed is useless! And making income inequality worse!

Surprise!!!

Aussie105

(5,382 posts)
6. Hey! I was going to say that!
Fri Apr 16, 2021, 03:14 AM
Apr 2021

You beat me to it!

Hope those who really needed the money spent it wisely. Food, bills, the basics.
Clear the personal debt backlog, stimulate the US economy.

CountAllVotes

(20,868 posts)
2. Spent yesterday!
Thu Apr 15, 2021, 10:17 AM
Apr 2021

My husband is having two leg surgeries soon and he has an old sunk-in bed.

The bed I have is no better and waking up in pain really sucks. UGH!

So, two new beds are en route!

I have never spent so much $$$ on anything like the beds I just bought ever.

I deserve it.

We all deserve it!

Thank you President Biden for helping this disabled family.

I am proud to spend my stimulus money by giving back to our local economy!

& recommend !!

kimbutgar

(21,130 posts)
4. I have been seeing people in Ross and Marshall with shopping carts full of stuff.
Thu Apr 15, 2021, 01:29 PM
Apr 2021

Something I haven’t seen in a long time!

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