Article: Self-Reported Consumer Spending Declines in Early March; Gallup's Consumer Spending Index shows upper-income Americans spending less.(Survey)

Byline: Dennis Jacobe, Chief Economist

Synopsis: While February's retail sales were down slightly less than expected, Gallup's self-reported Consumer Spending Index finds upper-income Americans in particular reporting spending less on average per day in early March than they did in February.

PRINCETON, NJ -- Americans' self-reported spending in stores, restaurants, gas stations, and online averaged $57 per day during the first 14 days of March -- down from $64 during both January and February.

The March 1-14 average is down 31% from the $83 of the same 14-day period a year ago. During March 12-14, consumer spending fell further to ...

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