WRAPUP 1-U.S. retail sales rebound strongly in January amid additional stimulus ...Middle East

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WRAPUP 1-U.S. retail sales rebound strongly in January amid additional stimulus
source : Devdiscourse ( Middle East ) () 18
U.S. retail sales rebounded sharply in January after households received additional pandemic relief money from the government, suggesting a pick-up in economic activity after being restrained by a fresh wave of COVID-19 infections late last year. Retail sales surged by a seasonally adjusted 5.3% last month, the Commerce Department said on Wednesday. Data for December was revised down to show sales decreasing 1.0% instead of 0.7% as previously reported. Economists polled by Reuters had forecast retail sales increasing 1.1% in January.

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