Another Sign Our Economy is Doing Well

Retail Sales rose 0.3% in October according to the Commerce Department and retail sales are up a large 5.7% from last October. This is pretty amazing to me when you consider what has happened this year. Who would have predicted this? Back in April retail sales were down 20% from the previous April. Now, retail sales are 4.9% higher than they were in February before COVID shutdowns. Amazing! This is another sign that the American Consumer is doing really well.