Consumer spending slides in May
Press release from the issuing company
Thursday, June 10th, 2010
Consumer spending began to slow in May due to high unemployment, according to First Data Corp.’s First Data SpendTrend report.
After a rebound in consumer spending in the first quarter of 2010, spending growth began to ease up as same-store dollar volume growth was 9.2 percent and transaction growth was up 8.4 percent in May, following 10.2 percent and 9 percent, respectively, in April. (read more at Atlanta Business Chronicle)
