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IBM: Online consumer spending jumps 15% in Q2
Armonk, N.Y. -- Online consumer spending rose a healthy 15% in the second quarter of this year compared to the second quarter of last year. The IBM Online Retail Sales Index shows that mobile sales reached 19.4% of total online sales, up 28% from last year. Online shopping growth substantially outpaced the 4.6% year-over-year increase of in-store sales during the second quarter.
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Consumer spending drops in April
WASHINGTON — U.S. consumer spending dropped 0.2% in April 2013, according to the Commerce Department.
It was the first monthly decline since May of last year and follows increases of 0.1% in March and 0.8% in February. Falling gas prices in April were part of the reason for the drop in spending, with purchases of gas, electricity and other energy goods and services down 4.4%.
In addition, increased Social Security deductions in consumer paychecks may have also contributed to the decline in spending.