As more Americans grow increasingly confident about their own financial conditions, retailers across the country are expected to see positive impacts in the form of additional consumer spending. So far in 2013, sales have been significantly strong for merchants, and this upward trend is expected to continue.

Bloomberg reports that consumers spending throughout the month of February jumped to its highest level in five months, representing a 0.7 percent growth, according to data from the Commerce Department. This follows a 0.4 percent increase during January and it has resulted in more positive estimates from analysts. The news source explains that retail purchases account for approximately 70 percent of the U.S. economy, highlighting the importance of consumer spending for further improvement.

While the total sales volumes from March are not yet available, the first three weeks of last month were positive for retailers. Dow Jones writes that statistics from Redbook Research revealed that sales were up 0.6 percent during the first 21 days of March, and if spending continued to be solid for the last week, the month could be a good sign for the nation's retailers.

This entry was posted by Retail Pro on Wednesday, April 3rd, 2013 at 11:22 am .