3 Takeaways from the Blockbuster Retail Sales Report

If there was any doubt that the economic recovery was real, the March retail sales report put that to rest. According to the Census Bureau, retail sales jumped 9.8% last month, its fastest pace since the snap-back that followed the lockdowns last spring, and much better than estimates at 5.5%. Adjusted retail and food services sales reached $619.1 million, a record for a single month, fueled by stimulus checks and accelerating vaccination rates.