French retail sales sank 24% in March from February amid lockdown, virus impact

According to data from the Bank of France

  • Sales of industrial goods fell by 43%
  • Food sales down by only 0.9%

On the balance of things, the central bank says that retail sales actually fell by 7.2% in Q1 compared to the previous quarter. Department store sales suffered the most, falling by 19.3% and that is offset by a rise in supermarket (+7.4%) and hypermarket (+1.7%) sales.

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