Retail Sales Drop 16.4% in April

Detailed recap of the –16.4% retail decline in April on, including metrics on key retail subsectors like furnishings, appliances, and apparel.

Retail sales in the US sank 16.4 percent from a month earlier in April of 2020, worse than forecasts of a 12 percent drop. It is the sharpest decrease in retail sales ever due to the coronavirus pandemic which forced Americans to stay at home and many businesses to close. Biggest declines were seen in sales of clothing and accessories (-78.8 percent), electronics and appliances (-60.6 percent) and furniture (-58.7 percent).

Read the full article at Trading Economics:
U.S. Retail Sales | 1992-2020 Data | 2021-2022 Forecast | Calendar | Historical

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