Retail sales burst higher in January

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Retail sales burst higher in January as consumers use stimulus checks to spend heavily

Retail sales jumped 5.3% to start 2021, well ahead of the 1.2% expectation.

The big move came as millions of consumers received $600 stimulus checks.

Every major category of spending, including food and drinking establishments, saw gains.

https://www.cnbc.com/2021/02/17/us-retail-sales-january-2021.html