Consumer spending jumps 5.6% in June, but the recovery already appears to be slowing
July 31, 2020 at 08:52 AM EDT
Americans increased spending on a variety of goods and services in June as more people returned to work and massive infusions of government aid flowed through the economy, but the progress appears to have waned lately after a recent spike in coronavirus cases. Personal spending jumped 5.6% in June.
