April Restaurants Sales Hit Lowest Point in 35 Years
According to the National Restaurant Association, consumer spending at eating and drinking establishments was at its lowest level since October 1984, when adjusted for inflation.
In the month of April, sales at eating and drinking establishments reached $32.4 billion, on a seasonally-adjusted basis according to data from the U.S. Census Bureau. In January, sales were more than double April’s mark at $65.4 billion.
April sales were the smallest in volume since March 2005, but when adjusting for inflation it was the lowest mark in 35 years...
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