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What consumer spending can tell us about the economic recovery

by capitalizefinancial
April 29, 2021
in Sports
0
What consumer spending can tell us about the economic recovery

New monthly data on consumer spending is due Friday.

We often talk about retail sales numbers. Those come out monthly and tell us mainly whether people are buying goods, which they’ve done a lot of during the pandemic.

“Goods spending was very strong,” said Dana Peterson, chief economist at The Conference Board, a nonprofit research group. “People bought cars, they bought appliances. They bought lawn furniture. They bought boats and RVs.”

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