US: Retail Sales Plunge in March as Lockdown Measures Roll Out

<p>Retail sales declined by 8.7% m/m in March, just below market expectations for 8% m/m decline. Following the revisions, February&#8217;s decline was slightly smaller than originally reported, with sales down 0.4% (versus -0.5%). Sales in relatively more volatile categories were weak, affected by store closures and lower prices. In particular, sales at motor vehicles &#38; [&#8230;]</p>
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