Sam Ro: New York City spending rose 5.3 percent in week ending June 13

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Sam Ro: New York City spending rose 5.3 percent in week ending June 13 — New York City spending jumps 5.3 percent

Sam Ro reports that spending in New York City increased by 5.3 percent year-over-year in the week ending June 13, coinciding with the Knicks' title win.

According to BofA credit and debit card data, this growth in New York City outpaced the 3.8 percent increase seen in the rest of the U.S.

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Sam Ro has previously covered major corporate developments, including Barry Diller’s People Inc. preparing an offer to buy MGM Resorts for over $18 billion. He has also reported on a company IPO that raised $75 billion amid a $74 trillion Wilshire 5000 market capitalization. These reports add context to recent consumer spending trends highlighted in New York City.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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