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1050 days ago • Posted by William Ramstein

Card spending increased 26% over 1-year period: rotation from goods into services

Improvements in spending seen in monthly card spending trends shows retail space is coming back into full gear albeit a slow ramp up on the airlines front. Furniture purchasing is blowing up, somewhat contributing to the cargo bottleneck issues. There is a rotation from goods and into services.

Source: BoA

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