Categories: economy

There are signs the economic contraction caused by the pandemic, the steepest since the Great Depression, has bottomed out and a tentative recovery may be under way.

Though government data show record monthly drops in retail sales and manufacturing production in April, in a fast-changing environment new trends often appear first in private daily and weekly data. And although they are less reliable and comprehensive than government figures, these figures are showing some signs of a turning point.

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