Retail

March retail sales are expected to have surged as consumers spent $1,400 checks

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A shopper wearing a protective mask checks out at a Costco store in San Francisco, California, on Wednesday, March 3, 2021.

David Paul Morris | Bloomberg | Getty Images

March retail sales are expected to be strong, and some economists say stimulus checks may have quickly made their way into the economy, contributing to an even bigger gain of 10% or more.

The March sales data, released at 8:30 a.m. ET Thursday, could be the first in a series of powerful reports on consumer spending, as vaccinations increase and the economic reopening continues. The $1,400 fiscal stimulus checks sent to individuals, starting in mid-March, appear to have spurred spending in an environment of pent-up demand.

“We…



Source cnbc.com

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