US retail sales surprise as shoppers spend stimulus cheques
Producer prices post the biggest gain in records dating back to 2009
17 February 2021 - 18:40
New York — US retail sales surged in January by the most in seven months, beating all estimates and suggesting fresh stimulus cheques helped spur a rebound in household demand after a weak fourth quarter.
The value of overall sales increased 5.3% from the prior month after a 1% decline in December, commerce department figures showed pm Wednesday. It was the first monthly gain since September and all major categories showed sharp advances...
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