April Retail Spending Stalls After Stimulus-Fueled March Shopping Spree

April Retail Spending Stalls After Stimulus-Fueled March Shopping Spree
A woman walks past a closed retail store for lease in the midtown area of Manhattan in New York City on Jan. 25, 2021. Angela Weiss/AFP via Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

Retail spending in the United States stalled in April, coming in at a below-expectations zero percent after surging over 10 percent in March, when a round of stimulus checks hit bank accounts and Americans went on a shopping spree.

The U.S. Census Bureau said in a Friday release (pdf) that U.S. retail spending remained flat in April, while economists polled by Reuters predicted a 1 percent rise. So-called core retail spending—which excludes automobiles, gasoline, building materials and food services—dropped 1.5 percent last month.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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