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US retail sales jump 5.3% in January as Americans spend more with $600 aid
Americans, helped by $600 Covid-19 stimulus checks, spent more in January, sending retail sales soaring 5.3%. This is the first increase the retail sector has posted in four months and largest in eight. Department store chains, internet retailers, electronic stores and home-furnishing outlets recorded double digit gains in percentage terms. This beat Dow Jones and Wall Street forecasts of 1% rise.
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6Million$Mansplainer
2 weeks
Yeah, the numbers are still down. Nice pro Bidumb hot-take though.
Charles
2 weeks
People used that money for food and shelter, not a trip to the mall. Biden is such a lying piece of excrement.
chris
2 weeks
Bullshit.
Janitor Jez
2 weeks
It would be very strange if something didn't happen after dumping 900 billion dollars into the mix.
Top in Business
or it could be that everything started opening conveniently right after Biden was "elected" - but sure, let's give credit to the measly $600 bribe