Restaurateurs looking for signs of an economic recovery will not see it in a recent survey that found consumer spending down markedly across all income groups in early March.
Even as government officials suggested that consumer spending might have stabilized, Gallup’s most recent Consumer Spending Index suggests otherwise. According to the survey, Americans’ self-reported spending in restaurants, stores, gas stations and online averaged $57 per day during the first 14 days of March, compared with $64 per day during January and February, and $83 per day during the same year-earlier period.
US Consumer spending plunges in early March
Like to receive news like this by email? Join and Subscribe!
Join Our Telegram Channel for regular updates!
Related News
![J&J green paper, a Miami-Dade company, announces the implementation of its game-changing sustainable packaging initiative Janus® in partnership with arcos dorados, the largest MCDonald's independent franchisee in the world J&J green paper, a Miami-Dade company, announces the implementation of its game-changing sustainable packaging initiative Janus® in partnership with arcos dorados, the largest MCDonald's independent franchisee in the world](https://media.potatopro.com/arcos-dorados-mcdonald-1200.png?width=600&height=357&crop=center&mode=crop)
juni 27, 2024