Reflecting the impact of the coronavirus-induced shutdown, the Commerce Department released a report on Wednesday showing a record decline in U.S. retail sales in the month of March.
The Commerce Department said retail sales plummeted by 8.7 percent in March after falling by a revised 0.4 percent in February.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.