U.S. consumer spending plunges record 7.5%, reflecting virus

U.S. CONSUMER spending declined 7.5% in March, the sharpest drop on record. / AP FILE PHOTO/MARK HUMPHREY
U.S. CONSUMER spending declined 7.5% in March, the sharpest drop on record. / AP FILE PHOTO/MARK HUMPHREY
WASHINGTON (AP) – United States consumer spending plunged 7.5% in March, reflecting the growing impact of the coronavirus pandemic as Americans complied with stay-at-home orders. The Commerce Department said that the spending decline was the sharpest monthly drop on records that go back to 1959, exceeding the previous record, a decline of 2.1% in January…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -

No posts to display