US consumer spending up 5.6% in June

Americans increased their spending in June by a solid 5.6%.

This helped regain some of the record plunge that occurred after the coronavirus crippled the economy.

5-POINT-6- PERCENT.THIS HELPED REGAIN SOME OF THERECORD PLUNGE THAT OCCURREDAFTER THE CORONAVIRUS STRUCKHARD IN MARCH AND PARALYZED THEECONOMY.BUT THE VIRUS' RESURGENCE INMUCH OF THE COUNTRY COULDIMPEDE FURTHER GAINS.LAST MONTH'S RISE IN CONSUMERSPENDING FOLLOWED A SEASONALLYADJUSTED 8-POINT-5- PERCENTSURGE IN MAY.RESEARCHERS ARE CREATINGMINIATURE VERSIO