Based on credit card statistics, US consumers made lower purchases in September. an indication of a slowdown?
According to recently released data from BofA, usage of the bank’s credit cards fell 0.3% in the week ending September 23 compared to the same time last year. In reality, spending on BofA cards has been declining for a few of weeks, and it drops much further if petrol and auto expenditures are excluded. In … Read more