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