US Economy | News from the U.S. non-recovery: Real personal consumption down sharply

News from the U.S. non-recovery: Real personal consumption down sharply

March 30, 2015 8:47 AM (UTC+8)

 

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Real personal consumption fell by 0.1% in February, the second-biggest drop since the 2009 crisis. It was forecast to rise by 0.2%. That blasts another big hole in the consensus view that cheap oil will stimulate consumer spending.

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