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Retail sales in the U.S. fell 16.4 percent in April for the biggest two-month decline on record.

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Fri, 15 May 20 3:40 PM | 21 view(s)
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Retail sales in the U.S. fell 16.4 percent in April for the biggest two-month decline on record. Stores are reopening, but some may not survive.
Friday, May 15, 2020 8:35 AM EST

April could prove to be the bottom. The March figures were helped in part by panic-buying, and stores were generally open for the first half of the month. Most states have begun to lift barriers to commerce and movement, and many economists expect spending to rise in May as people venture out.

But any rebound is likely to be gradual.

Read the latest
http://www.nytimes.com/2020/05/15/business/stock-market-today-coronavirus.html?campaign_id=60&emc=edit_na_20200515&instance_id=0&nl=breaking-news&ref=headline®i_id=16112385&segment_id=27935&user_id=75ee940ebe2fd3e9d0a6bb93cf283302

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