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Pandemic's Goods Spending Surge Eases, Trends Normalize

By Athena Xu

4/4, 01:26 EDT
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  • The goods share of real consumption has seen a significant spike during the pandemic years, peaking in 2021, and has since been on a decline, moving closer to the pre-pandemic trend line.
  • The actual goods share of consumption remains above the long-term average since 2013, despite the recent downward adjustment towards the 2020-22 trend.