Retail News

Personal incomes and consumer spending fell in March

AP News 04/30/2020

Consumer spending fell 7.5 percent as personal incomes declined two percent in March, according to the Commerce Department. The nation’s gross domestic product fell 4.8 percent for the first three months of 2020. Consumer spending represents 70 percent of U.S. economic activity.

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!