Retail sales jump, shoppers still spending stimulus cash

By Jessica Stanic · 1 July 2009 · Locked

Retail sales surge despite stimulus cash dwindling

The economy is showing signs of resilience, but how long will the stimulus payments last? Find out what's driving the latest retail sales boom.

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Summary

In a clear sign that the Federal Government’s $900 stimulus payments are still flooding into the economy, retail sales grew a further 1 percent in May, after a 0.3 percent increase in April and a 2.2 percent increase in March.