Retail sales and industrial production were down in april

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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.