The Covid-19 pandemic led to a record 8.7% decline in US retail sales in March. The previous record was -3.9% during the Great Recession in 2008. This followed a revised 0.4% decline in February. Auto sales dropped 25.6%, while clothing store sales collapsed, sliding 50.5%. Restaurants and bars reported a nearly 27% fall in revenue. Consumer spending makes up about two-thirds of GDP.