Article source: ConstructConnect
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- 5 Shocking Declines in Shopkeeper Sales, But 1 Good News Story
- Canadian Part-time Work Evaporates
- A Drop in Oil Demand that will Muddy the Waters for OPEC
- S. Initial Jobless Claims Climb to 22 Million in 4 Weeks
The times are turbulent. There’s no point in dilly-dallying. Let’s jump right in with an examination of the latest data releases from public and private sector sources.
5 Shocking Declines in Shopkeeper Sales, But 1 Good News Story
March’s U.S. Advance Monthly Sales of Retail and Food Services report sets out some big month-to-month percentage changes. Most, but not all, were on the downside.
Five sub-categories experienced declines from February to March of more than one-fifth. Performing worst was the category ‘clothing and clothing accessory stores’, -50.5%. The four others with severe sales contractions were: ‘furniture and home furnishing stores’, -26.8%; ‘food services and drinking places’, -26.5%; ‘motor vehicle and parts dealers’, -25.6%; and ‘sporting goods, hobby, musical instrument and book stores’, -23.3%.
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