Gallup: Consumer spending ticks up
Consumer spending increased slightly in March, putting it on par with a year ago, Gallup found.
Relying on people’s own reports, Gallup found that consumers spent an average of $86 a day in March. That’s up $4 from February, and just short of the $87 that consumers reported in March 2014.
{mosads}Consumer spending generally rebounds in March, after falling in the post-holiday months of January and February. According to Gallup, consumer spending hasn’t topped $100 a day since 2008, the year of the fiscal crisis.
Still, the $86 figure is below many of the months in 2014, when the economy had some of its better quarters in recent years.
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