US retail sales plunge 16.4% in April amid virus closures
Shoppers visit the empty FIGat7th mall where most shops are still closed amid the coronavirus pandemic, in Los Angeles, California, USA, on May 8, 2020. The US retail sector is seeing a record sales drop with massive contractions reported in an array of retailers, including clothing, furniture, electronics and appliances and food and drinking places, all of which declined by double-digits. – EPA pic, May 15, 2020.
US retail sales plunged by 16.4% in April as the coronavirus pandemic forced businesses shut across the world’s largest economy, the Commerce Department said today. The drop was the largest recorded in the history of the survey and much worse than expected, with massive contractions reported in an array of retailers, including clothing, furniture, electronics and appliances and food and drinking places, all of which declined by double-digits.
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