U.S. April Retail Sales Plunge a Record 16.4%

U.S. April Retail Sales Plunge a Record 16.4%

Assessment

Interactive Video

Business

University

Hard

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The video discusses the significant decline in advanced sales, with a 16.4% drop, exceeding economists' predictions. Despite some minor improvements in Empire manufacturing, the overall economic data is bleak, with sectors like motor vehicles and furniture experiencing substantial declines. The market reacts negatively, with S&P futures dropping and bond markets seeing increased activity. The video concludes with a cautious outlook, noting potential signs of stabilization but emphasizing the need for more data.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the month-on-month decline percentage mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors contributed to the decline in sales as mentioned in the text?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How did the Empire manufacturing index change according to the text?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the performance of non-store retailers in the month?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the text suggest about consumer behavior during the reported period?

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