Record drop in retail sales expected for April, as Americans cut spending on most nonessentials

Record drop in retail sales expected for April, as Americans cut spending on most nonessentials

April retail sales are expected to have fallen by a record amount as Americans cut back spending on many nonessentials during the virus-related shutdowns. Economists expect April sales plunged by 12.3%, compared to the previous record drop of 8.7% in March, …
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