FX.co ★ US Real Consumer Spending Decreases to 2.5% in the First Quarter of 2024

According to the latest data released on April 25, 2024, real consumer spending in the United States has decreased to 2.5% in the first quarter of 2024, down from 3.3% in the fourth quarter of 2023. This indicates a slowdown in consumer expenditure during the period. While the previous indicator showed a positive trend, the current data reflects a dip in consumer confidence or purchasing power. The updated figures suggest a shift in consumer behavior that could potentially impact economic growth in the upcoming months. Analysts will be closely monitoring this trend to assess its broader implications on the US economy.