U.S. Retail Sales Drop 1.3% In May After 2 Months Of Gains

U.S. Retail Sales Drop 1.3% In May After 2 Months Of Gains

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Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses the economic performance last month, highlighting a 1.3% decline, which was worse than expected. It notes declines in sectors like furniture, electronics, and cars, while restaurants and bars saw gains, indicating a shift towards experiences over goods as people enjoy post-lockdown freedoms. However, this trend is not universal, as clothing sales increased by 3%.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How have Americans' shopping habits changed after the lockdowns?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the percentage increase in clothing sales?

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