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Retail Sales in America Plunge to Record Low in March

'Many businesses are operating on a limited capacity or have ceased operations completely,' says Census Bureau

Retail Sales in America Plunge to Record Low in March
A man skates on the sidewalk while wearing a mask and carrying bags in Los Angeles, California, on March 20, 2020. Mario Tama/Getty Images
Tom Ozimek
Tom Ozimek
Reporter
4/15/2020|Updated: 4/15/2020

U.S. retail sales suffered a record drop in March as the COVID-19 outbreak forced businesses to close and people to shelter indoors, setting up consumer spending for its worst decline in decades.

“Due to recent events surrounding COVID-19, many businesses are operating on a limited capacity or have ceased operations completely,” the Census Bureau said in its advance retail and food sales report, published April 15 (pdf).
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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