Retail Sales and Industrial Production Were Down In April

Retail sales have been flat for the past year, while industrial production has been declining since the start of 2019. Both went down in April:

This caused the Atlanta Fed’s GDP Nowcast to plummet. They’re now forecasting GDP growth of 1.1 percent for the second quarter:

This is hardly final. The official GDP estimate for Q2 is still a couple of months away. Still, it’s kind of meh news.

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You just sent an incredible message: that quality journalism doesn't have to answer to advertisers, billionaires, or hedge funds; that newsrooms can eke out an existence thanks primarily to the generosity of its readers. That's so powerful. Especially during what's been called a "media extinction event" when those looking to make a profit from the news pull back, the Mother Jones community steps in.

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