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Retail sales fall record 8.7% in March

Retail sales fall record 8.7% in March

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.

Skeptic
Skeptic
O.T.Q.D
O.T.Q.D 4 months

Hmmm, I wonder why? ... ... Could it be because the government has forced this? That companies have been forced to close, private citizens have had their own health choices made for them, and basically put on house arrest?...nah! This isn't a fear mongering power grab by our political leaders. There is no way these decisions to shut everything down and commandeer private property are a political strategy to sway the election or lawmaking decisions. **I am not saying that Covid-19 does not pose a health risk, it does, and is something we need to be diligent in protecting ourselves from.**

William
William 4 months

Good. And folks are surviving without buying crap they font need with money they dont have.

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