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17 April 2024
MARTIN CRUTSINGER, AP Economics Writer
U.S. Consumer Spending Rose 1.9% in July
by
MARTIN CRUTSINGER, AP Economics Writer
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Aug 28, 2020
WASHINGTON (AP) — U.S. consumers increased their spending by 1.9% last month, a dose of support for an economy struggling to emerge from the grip of a pandemic that has held back a recovery and kept...
U.S. Consumer Spending Up 5.6% in June
by
MARTIN CRUTSINGER, AP Economics Writer
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Jul 31, 2020
WASHINGTON (AP) — American consumers increased their spending in June by a solid 5.6%, helping regain some of record plunge that occurred after the coronavirus struck hard in March and paralyzed the economy. But the virus’...
U.S. Economy Shrank 33% Last Quarter
by
MARTIN CRUTSINGER, AP Economics Writer
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Jul 30, 2020
WASHINGTON (AP) — The U.S. economy shrank at a dizzying 32.9% annual rate in the April-June quarter — by far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of...
U.S. Consumer Spending Rises By 8.2%
by
MARTIN CRUTSINGER, AP Economics Writer
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Jun 26, 2020
WASHINGTON (AP) — American consumers increased their spending by a record 8.2% in May, partly erasing record plunges the previous two months, against the backdrop of an economy that’s likely shrinking by its steepest pace on...
Consumer Spending Sinks By Record 13.6%
by
MARTIN CRUTSINGER, AP Economics Writer
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Jun 10, 2020
WASHINGTON (AP) — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession. Last month’s spending decline was...
U.S. Consumer Spending Drops 13.6 Percent
by
MARTIN CRUTSINGER, AP Economics Writer
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May 29, 2020
WASHINGTON (AP) — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession. Last month’s spending decline was...
Service Sector Shrinks for First Time in Decade
by
MARTIN CRUTSINGER, AP Economics Writer
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May 5, 2020
WASHINGTON (AP) — The U.S. service sector shrank for the first time in a decade last month as the pandemic forced shutdowns and layoffs nationwide. The Institute for Supply Management said Tuesday that its service-sector index...
Economists: Quick Recovery Unlikely
by
MARTIN CRUTSINGER, AP Economics Writer
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Apr 29, 2020
WASHINGTON (AP) — Devastated by the coronavirus, the U.S. economy is sinking. And the plunge is accelerating. Now, as some businesses in a few states start to trickle back to work, hopes are beginning to arise...
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