Advance Retail Sales Blast Higher

  • The Census Bureau reports Advance Retail Sales jumped 9.8% percent  from February, and 27.7% above March 2020.
  • Total sales for the January 2021 through March 2021 period were up 14.3% from the same period a year ago.
  • The Econoday consensus estimate was gain of 5.6%, and 5.0% excluding vehicles.
  • Total sales jumped 9.8% and excluding vehicles sales jumped 8.4%.

Advance Sales Details 

Advance Retail Sales - Detail 2021-03

Guess What?

If you hand out free money, especially to those who are working and suffered no job loss, this is what happens.

Mish

Retail Sales Surge 1.6% Wiping Out Dec and Feb Losses But Bond Yields Drop

Retail sales rose 1.6% in March topping the most optimistic estimates.

April Retail Sales Rise 0.3% In Line With Consensus

Retail sales rose 0.3% in April with March Revised 0.2% higher to 0.8%.

Retail Sales Surge Continues With Huge Buying Spree

Retail sales jump 0.5% in June following an upward revision in May from 0.8% to 1.3%. GDP estimates will follow.