Posted on 05/15/2020 5:56:57 AM PDT by John W
April retail sales sank by 16.4 percent to their lowest level on record, as stores and restaurants felt the full weight of a month of coronavirus closures.
The monthly sales data, which measures spending at places such as gas stations, restaurants, bars, and stores, was released Friday by the U.S. Bureau of the Census.
The number was worse than economists had been anticipating, with most having forecast a 12 percent drop.
By comparison, March sales were down by 8.3 percent, which was at that time the worst decline since records began in 1992.
(Excerpt) Read more at nbcnews.com ...
The asian run nail salon next to my local grocery store is open. Corporate franchise barber shop next door still closed and no sign of a reopening date.
They may have staffing or cash flow issues too.
What's going to drag is NY & CA in particular. CA needs a plan to reopen. NY released one and CA never reached NY levels. The worst of this so far has definitely been regional.
Experts are people who are good at acting extremely pompous while being extremely wrong.
Thanks, I figured someone besides me must have noticed that. It is a great example of ignorance in writing.
“Its all BS.”
Worse by far, it gives BS a bad name.
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