image credit: Pxhere

Retail sales pop in March along with freight demand

April 15, 2021


Retail sales, including food services, increased 9.8% sequentially in March, according to Thursday Census Bureau data. The pop in sales highlights the impacts of widespread vaccinations and federal stimulus payments to consumers.

On a year-over-year comparison, sales were up 27.7% for the month and 14.3% for the first quarter. The comparison to 2020 is clouded by a sharp rise in pantry stocking in the first few weeks of the pandemic’s onset, followed by a sharp falloff as shutdowns spread.

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