NRF: Census data shows March retail sales grew
Data released by the U.S. Census Bureau shows retail sales continued to increase in March as tax refunds and job growth put more money in shoppers’ pockets, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “March’s Census Bureau numbers confirm that consumer spending remains steady, underscoring a resilient consumer despite inflationary pressure,” Kleinhenz said. “While sales were mixed, several...
Read More