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US Retail Sales Rise 5.3 Percent Due to Stimulus Checks
February 18th, 2021 - 09:30 GMT

US Retail Sales Rise 5.3 Percent Due to Stimulus Checks

US retail sales beat market expectations and soared 5.3% in January due to personal stimulus checks, according to figures released Wednesday by the Census Bureau . Analysts expected a 1.1% increase, while the percentage change for December was revised from a 0.7% decline to a 1% fall. In January, retail sales increased 7.4% from the same month last year, totaling $568.2 billion, largely due to stimulus checks. After the US ...
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