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U.S. Services Spending Climbs to Pre-Pandemic Level

U.S. Services Spending Climbs to Pre-Pandemic Level

As outlined in Statistas report:

The reasoning behind these numbers is straightforward: as the pandemic severely limited people’s options to spend money on services such as restaurant visits, travel or other leisure activities either restricted or advised against, they shifted their spending to physical goods, trying to adjust to life with the coronavirus.

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