According to a recent report from CNNMoney.com, the road to economic recovery is still rocky, but American consumers are slowly starting to spend again.
Several encouraging signs in the retail sector — including a strong retail sales report and an improved outlook from a retail bellwether — show that spending is picking up.
While that may not be enough to lift the economy out of its funk, it could get the recovery back on track, economists say.
“Consumer spending is still two-thirds of the economy, so there's no way we can have a significant turnaround without that moving up,” said Eric Beder, managing director of retail and consumer research at Brean Murray, Carret & Co.
