By Ovunc Kutlu
ANKARA (AA) – US retail sales hit their highest level since last May because of stimulus checks to Americans, according to figures released on Thursday by the Census Bureau.
Retail sales soared 9.8% to $619.1 billion in March, from February's revised level of $563.7 billion when it fell 2.7% from the previous month. Analysts expected a 5.9% increase.
Most of the increase came from clothing and accessories that doubled while sporting goods, hobbies, musical instruments and book stores, and motor vehicle and parts increasing more than 70%.
The rise is attributed to US President Joe Biden's $1.9 trillion relief package that included $1,400 direct payment to most Americans.
