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US consumer spending sinks by record 13.6% in face of virus

Seattle Times Friday, 29 May 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 far worse than the revised 6.9% drop in March, which itself had set a record for the steepest one-month […]
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News video: US Consumer Spending Plunged by a Record 13.6 Percent in April

US Consumer Spending Plunged by a Record 13.6 Percent in April 00:58

US Consumer Spending Plunged by a Record 13.6 Percent in April Consumer spending data was released by the Bureau of Economic Analysis (BEA) on Friday. The record 13.6 percent plunge equates to a drop of $1.89 trillion. The dive is the greatest month-to-month decline since 1959, when the BEA began...

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US consumer spending sinks by record 13.6% in face of virus

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...
SeattlePI.com Also reported by •Newsday

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