Does a Boost in Retail Sales Mean the Economy is Back on Track?
It looks like Americans are ready to open up their wallets again. According to a new report from the Commerce Department, retail spending is up 1.1 percent from January and 4.6 percent from February 2012. That's the biggest rise in five months, according to Reuters, far better than the 0.5 percent boost economists had predicted. Paired with last month's positive jobs report, does this mean the U.S. economy is on the mend?