KBRA Releases Research – Coronavirus (COVID-19): Retail Sales Surge in March 2021 on Stimulus Checks and Continued Reopening

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) releases research on trends in March 2021 retail sales.

U.S. retail sales surged 9.8% month-over-month (MoM) in March as $1,400 federal stimulus checks and easing public health measures led to a strong Q1 finish. The increase marks the best growth since May 2020 and the second strongest single-month performance on record since at least 1992. Same month year-over-year (YoY) sales increased an even stronger 27.7%, reflecting a bounce back from the strict stay-at-home orders in the early phase of the pandemic. Ongoing volatility in retail sales since March 2020 reflects the extraordinary dynamics that continue to shape the U.S. economy. In this report, KBRA examines the latest retail sales data and what to watch for in the coming months as vaccines continue to roll out.

Click here to view the report.

Related Publications

About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

Contacts

Peter Scherer, Associate Director

+1 (646) 731-2325

peter.scherer@kbra.com

Karen Daly, Senior Managing Director

+1 (646) 731-2347

karen.daly@kbra.com

Business Development Contact

William Baneky, Managing Director

+1 (646) 731-2409

william.baneky@kbra.com

James Kissane, Senior Director

+1 (213) 806-0026

james.kissane@kbra.com

Selección de Europa Rup

Denver Tech Center CPA Firm Recognized as Runner Up “Best Colorado Accounting Firm” by Colorado Biz Magazine

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Gomerdinger CPAs was awarded “runner up” in the 2022 Colorado Biz Magazine’s “Best of Colorado” Annual Readers’ Poll special supplement. CEO,...

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Missfresh Limited (MF)

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming September 12, 2022 deadline to file a lead plaintiff motion in...

Leading manufacturer of engineered plastics becomes Viaflex

Raven Engineered Films adopts a new name after its acquisition by Industrial Opportunity Partners in April SIOUX FALLS, S.D.--(BUSINESS WIRE)--Today, Sioux Falls-based Raven Engineered Films...