Recovery Around the Corner?

Andrea Chang reports for the LA Times under the lovely title, Pent-up demand explodes for retailers in March:

In a promising sign for the nation’s recovery, retailers had a blowout month in March as pent-up demand, warm weather and Easter led to the best monthly sales performance in a decade.

Major chain stores posted a whopping 9.1% increase compared with a year earlier, according to Thomson Reuters’ tally of 28 companies. That was significantly better than the 6.3% gain analysts had been expecting and marked the best month on record since the information company began tracking data in 2000.

Good news. Lets hope March Fever doesn’t get cured.


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