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Consumer spending in June Increased 5.6%



U.S. consumers in June Increased spending by 5.6%, but seems to have withdrawn since then, limiting the economic recovery following the coronavirus outbreak.

Department of Commerce in June The report marked the second month of higher spending after a sharp decline in the spring during widely closed pandemics. The department also said household income fell 1.1% in June, a factor that determines Americans’ ability and willingness to allow and help pave the way for the economy in the coming weeks and months.


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