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Fintech– 10
Retail Spending Rises Despite Gas Prices
PYMNTS·
U.S. retail spending saw an unexpected increase in March, defying concerns about rising gas prices. While higher fuel costs contributed significantly to the headline figures, underlying consumer demand remained robust. Online sales also continued to demonstrate strong momentum, indicating a resilient consumer despite inflationary pressures. This suggests that consumers are adapting to the current economic environment, prioritizing essential spending and continuing their shift towards digital commerce.
Tags
macro
fintech
Original Source
PYMNTS — pymnts.com