US retail sales fall record 16% in Apr amid Covid-19 lockdown and spending slump

US retail sales fall record 16% in Apr amid Covid-19 lockdown and spending slump

US retails sales fell record 16.4% in Apr amid Covid-19 lockdown thereby impacting, economy, jobs and slump in consumer spending. Retail sales tumbled in every category except online shopping. Revised sales figures for March showed 8.3% drop, thus marking a 2-month decline of more than 20%. Some economists had projected a 12.5% decline.

Milan
Milan
Cody M
Cody M 2 weeks

Gee, it's almost as if completely shutting down the country and preventing people from working stops them from having money to buy non-essentials

Daniel McEwen
Daniel McEwen 2 weeks

I'm buying online from what otherwise are brick and mortar stores. Avoiding Amazon as much as possible. Of course, I still have a job and we keep getting bonuses. That, combined with the [hopefully one-time] stimulus package means I'm in pretty good shape.

rick
rick 2 weeks

Uh, yeah... That's what happens when you shut the country down because of a flu.

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