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US April's Strong Consumer Spending Supports Q2/16 GDP Rebound

Discussion in 'Fundamental Analysis' started by Angela_Riplay, May 31, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The pickup in consumer spending was led by stronger sales of durable goods. Motor vehicle and parts sales grew at their strongest pace in two years, as unit auto sales rebounded in April. Non-durables spending accelerated, and services growth bounced back in April after declining in March. The swing in[​IMG]

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