Consumer Spending Down 16.4% in April — CNBC.com

Consumer spending declined more than expected in April, though grocery stores saw spending gains:

“Consumer spending tumbled a record 16.4% in April as the backbone of the U.S. economy retrenched amid the coronavirus pandemic, according to a government report Friday.”

P.S. Everybody is working to adapt to a new reality. Flexibility and responsiveness will go a long way in keeping necessary goods on the shelves while protecting communities. A nimble, adaptable supply chain is a key component of keeping the economy going right now. 8th & Walton experts stand ready to assist your supplier business at this time. We also offer web-based classes that can get you, and your staff, up to speed.

 

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