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.


We recently wrapped up the crowdfunding campaign for our ambitious Mother Jones Corruption Project, and it was a smashing success. About 10,364 readers pitched in with donations averaging $45, and together they contributed about $467,374 toward our $500,000 goal.

That's amazing. We still have donations from letters we sent in the mail coming back to us, so we're on pace to hit—if not exceed—that goal. Thank you so much. We'll keep you posted here as the project ramps up, and you can join the hundreds of readers who have alerted us to corruption to dig into.

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