After a March surge fueled by vaccinations and pandemic relief payments, April retail sales were flat, the U.S. Census Bureau reported Friday.
Since consumer sales are such a huge part of the economy — 70% is a common figure given here — and retail sales are a big chunk of that, last week’s retail sales report did spark some discussion about the trajectory of the pandemic recovery.
That discussion also includes housing affordability, employee shortages affecting everything from restaurant staff to the gasoline tanker truck fleet, and a lack of microchips crippling manufacturers of technology-dependent goods, especially cars.
Inflation fears also are rising on the list. (Check out this Motley Fool take on that: “Don’t Let Inflation Hype Scare You Out of the Stock Market.”)
These are all pieces of the pandemic recovery puzzle, and retail sales are a particularly prominent piece for many real estate investors, since how and where people spend determines the…