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U.S. consumer spending increased for a second straight month in June, setting up consumption for a rebound in the third quarter. 23 June 2020: From 15 June, non-essential retailers were finally allowed to welcome shoppers back into their stores. Consumer Spending in South Africa averaged 966568.59 ZAR Million from 1960 until 2020, reaching an all time high of 1967226 ZAR Million in the first quarter of 2020 and a record low of 260612 ZAR Million in the first quarter of 1960. — The combination of significant uncertainty and the need Consumers increased spending 5.6% in June but appear to have pulled back since then, restraining the economy’s recovery from the pandemic. 0%. Similarly, consumers spent 49.7 per cent less on fuel in May 2020 compared to May 2019. In this June 17 photo, a sign advertises a sale at an H&M store along Lincoln Road Mall in Miami Beach, Florida. Ecommerce spending rose at a record rate of 15% in June, … Consumer spending dropped 6.6% in March and tumbled 12.6% in April, data shows. Consumer spending in Canada rebounded sharply in the first half of June, thanks in part to tens of billions in government benefits paid to sidelined workers. Overall spending Mar’20 Apr’20 May’20-27.8 -19.9-13.2 -2.2 -0.5-11.3 -44.9-12.1-33.0 Adolfo Laurenti, European Principal Economist, Visa, commented: Despite the media images of queues of customers outside Primark, Sports Direct, many customers stayed home when non-essential stores reopened last week. But the sector is unlikely to recover any time soon. The analysts estimate that total U.S. retail sales, which also includes auto and fuel, will drop by 10.5% in 2020 to $4.894 trillion — a level not seen since 2016. Zacks' Hottest Picks: 7 Strong Buy Stocks for September, 2020. View in … Separately, payment card company Barclaycard said overall consumer spending fell 14.5% in annual terms in June - the smallest decline since lockdown began. Record High Consumer Spending in May. Saudi Arabia projected its 2020 budget deficit will soar to around $79 billion, as the world's top crude exporter reels from low oil prices. Coronavirus (COVID-19) Pandemic Impact on November 2020 Consumer Price Index Data Data collection by personal visit for the Consumer Price Index (CPI) program has been suspended since March 16, 2020. Inflation over the past year is just 0.5%, far below the Fed's annual 2% target. Visa Consumer Spending Index – June 2020. The survey for the second quarter of 2020 was conducted from May 11 to June 1, 2020. May 1. Inflation, as measured by a gauge tied to consumer spending, edged up a scant 0.1% in May, the report showed. ... percent as measured through June 10. — Mia Farrow (@MiaFarrow) June 26, 2020. Personal saving was $3.37 trillion in June and the personal saving rate—personal saving as a percentage of disposable personal income—was 19.0 … The US is now enduring the worst recession in 80 years: Employment in July was about 13 million below February’s number while GDP dropped by 11 percent in the first half of 2020. — Consumer spending could fall by 9.5% in 2020 in our main scenario and recover modestly by 1.3% next year, as a vaccine or effective treatments would come too late in the year to boost spending significantly. In Quarter 3 (July to Sept) 2020, household spending (adjusted for inflation) growth was positive 19.5% compared with Quarter 2 (Apr to June) 2020; when compared with Quarter 3 2019 household spending decreased by negative 10.1%. In April, the U.S. saw a sharp 13.6% decline in consumer spending due to government shelter-in 7 Strong Buy Stocks for September, 2020 by Brian Dake - news of the Day our latest report at. 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