Washington Observer

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Business

Manufacturing in March Falls Less Than Expected as COVID-19 Pandemic

The COVID-19 pandemic dented in manufacturing in March, but activity fell less than expected, according to two readings on the sector released Wednesday.The Institute for Supply Management’s manufacturing purchasing managers’ index slipped to 49.1% from 50.1% in February. The consensus on Econoday was for a print of 44%. Respondents were “negative regarding the near-term outlook, […]

Business

Kroger Sees March Sales Surge on COVID-19 Pandemic Buying While

Kroger (KR) saw a surge in same-store sales last month as US consumers stocked up on goods to manage during the COVID-19 pandemic, while the grocery chain said it’s expecting volatility throughout the rest of the year but maintained guidance for the period. Identical retail supermarket sales without fuel jumped 30% in March, “driven by […]