Tag: April report

News & Trends

Retail sales plunge a record 16.4% in April, far worse than predicted

May 15, 2020


Consumer spending tumbled a record 16.4% in April as the backbone of the U.S. economy retrenched amid the coronavirus pandemic, according to a government report Friday. Economists surveyed by Dow Jones expected the advanced retail sales number to fall 12.3% […]