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July 9, 2025
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Retail

How consumer spending fared so far through 2020

August 12, 2020

The biggest decline this quarter was in consumer spending on services, down 13.3 percent, led by steep drops in expenditures on health care, transportation services, recreation, travel and dining out The biggest decline this quarter was in consumer spending on services, down 13.3 percent, led by steep drops in expenditures on health care, transportation services, recreation, travel and dining out

 

By Pamela N. Danziger

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