April retail numbers dive; reverses all March gain plus more

04 June 2020

 

Summary: Retail sales slump in April, reversing March’s spike; spending on food drops back below pre-stockpiling level; economists expect better May.   Growth figures of domestic retail sales have been declining since 2014 and they reached a low-point in September 2017 when they registered an annual growth rate of just 1.5%. They then began increasing for about a year, only to stabilise at around 3.0% to 3.5% through late 2018...

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