Richmond Times-Dispatch Weekend
Sizing up retail sales
The Commerce Department delivers its April tally of U.S. retail sales Friday. Economists predict sales grew a seasonally adjusted 0.5% last month, a sharp slowdown from the stunning 9.8% jump in March, when many Americans went shopping after receiving $1,400 stimulus checks. That March increase was the biggest since May of last year, when stores reopened after closing at the start of the pandemic. Retail spending covers about a third of all consumer spending.