This is an excerpt from Monday’s (3/29) Point of Sale retail supply chain newsletter sponsored by ArcBest.
Yee-HAW, people. The third round of fiscal stimulus is causing an immediate and significant boost to the consumer economy. Due to the sharp contraction in spending this time last year from COVID-related lockdowns, the one-year change is distorted and not as insightful as two-year percentage changes. In the latest week of data ending March 27, total card spending (TCS) was up 20% over 2019.
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https://www.freightwaves.com/news/imports-to-set-new-monthly-records-from-now-into-the-summer