April retail sales undershoot estimates but recovery continues
Growth was less than expected in April, but the economists say gradual recovery is still on track
Retail sales surged in April, adding to signs that a recovery from the economic devastation caused by Covid-19 in 2020 is continuing even as a third wave of infections raises fresh concern about whether its momentum can be sustained.
That may offer a glimmer of hope to pandemic-weary consumers facing a midwinter spike in infections that has forced the government to tighten socioeconomic restrictions in an attempt to contain the spread of the virus. ..