February retail sales posted stronger-than-expected gains, underscoring consumer confidence and resiliency, says Marcus & Millichap economist Hessam Nadji. The pace of spending growth improved from January’s disappointing 0.6%, recording the strongest gain in five months and following solid fourth-quarter GDP growth of 3%. Job growth has surpassed 200,000 for three consecutive months while initial jobless claims for the first week of March ebbed to a four-year low, signaling positive momentum and moderate economic strength. For the full report, CLICK HERE.Strong February Retail Sales Boost Economy
February retail sales posted stronger-than-expected gains, underscoring consumer confidence and resiliency, says Marcus & Millichap economist Hessam Nadji. The pace of spending growth improved from January’s disappointing 0.6%, recording the strongest gain in five months and following solid fourth-quarter GDP growth of 3%. Job growth has surpassed 200,000 for three consecutive months while initial jobless claims for the first week of March ebbed to a four-year low, signaling positive momentum and moderate economic strength. For the full report, CLICK HERE.
