3 Key Takeaways From the April Retail Sales Report
As expected, retail sales in the U.S. continued to plunge in April.
With much of the country shut down to prevent the spread of coronavirus, retail sales dove 16.4% from March, according to data from the Census Bureau. On a year-over-year basis, sales fell 21.6%. Both were record declines for as long as data has been kept (since 1992).
Business was down in almost every category, which wasn't a surprise, but there were some revealing nuggets of information for retail investors. Here are three data points you should know about.
Source Fool.com
