Things are looking up on the Retail Sales front, but for how long?
It is likely we will see a sharp pullback in the current month. Which of course is only natural given the volatility of all economic data series in attempting to map out what is fast happening in our real world.
What we do know is that things are most definitely returning to a moderately changed new normal. With the large caveat of the current Omicron setback. The impact of which is growing though by no means devastating the economy as yet.