U.S. Census Bureau data released May 15 reports $403.9 billion in April sales nationwide due to limitations in place in response to the coronavirus, a decrease of 16.4% from March.
This figure is 21.6% lower than sales in April 2019, according to census data. The data also showed a month-over-month decrease of 8.3% in March, with a total of $483.5 billion in spending.
When social distancing orders began going into effect across the country in March and people began experiencing job losses or diminished wages, total sales in the U.S. plummeted.
For more information, visit census.gov or https://fred.stlouisfed.org.