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U.S. Economic Data Show Deep Hit in March, Collapse in April

  • Retail sales, factory output, homebuilder sentiment all plunge
  • But food and beverage sales surge as Americans hunker down
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U.S. Retail Sales Take Record 8.7% Tumble in March
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U.S. retail sales and factory output posted historic declines in March, and other figures showed that the worst is yet to come.

The value of overall retail sales fell 8.7% from the prior month, the biggest decline in records dating back to 1992, according to Commerce Department data released Wednesday. Federal Reserve figures showed U.S. factory output dropped in March by the most since 1946, just after World War II ended.