Consumer Spending – The consumer remains an area of strength for the US economy according to Bank of America Merrill Lynch’s research.
According to a research document from the bank, which uses data from Bank of America’s credit and debit card divisions, retail sales ex-autos increased 0.4% month-on-month seasonally adjusted in September.
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The report is part of Bank of America’s Transforming World theme of People since it tracks consumer spending behavior directly rather than relying on government surveys. Figures used in the...
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