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Consumers in US, Europe, and China spending like it’s 2019

Retail spending is reaching prepandemic norms. Month-over-month retail sales were up 0.6 and 4.6 percent in the United States and the eurozone, respectively, over the summer. China marked a rise of 12.1 percent compared with last year, indicating strengthened consumer confidence.

Consumers starting to spend like it’s 2019
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To read the article, see “Global Economics Intelligence executive summary, July 2021,” August 9, 2021.