• Citizenship
  • People/Culture
  • Tech/Innovation
  • Industries
  • Public Policy
  • Audit Insights
  • The Economy
  • Careers
  • Alumni
  • Media
  • Social
  • About
  • Contact
×

Modal title

Modal Body

×

Modal title

Modal Body

KPMG US Home
  • Careers
  • Alumni
  • Media
  • Social
  • About
  • Contact
KPMG News & Perspectives
  • Citizenship
  • People/Culture
  • Tech/Innovation
  • Industries
  • Public Policy
  • Audit Insights
  • The Economy
News and perspectives › Industry insights and research › Record drop in consumer spending

Record drop in consumer spending

Consumer spending tumbled a record 16.4% in April as COVID-19 continues to impact the U.S. economy. KPMG Senior Economist Ken Kim  breaks down today’s record decline and whether there are signs that perhaps April might mark the trough in consumer spending.


To speak with Ken Kim please contact Matt Weiss at mweiss@kpmg.com

Media contact

Matt Weiss

Matt Weiss

Director, Industry Communications, KPMG US

+1 201-307-8138

 

 

Kenneth Kim

Kenneth Kim

Senior Economist, KPMG US

+1 212-954-6144

Related content

Insight

Industry insights and research

Emerging trends and fresh perspectives.

Other articles that might interest you

  • Manufacturing amid the pandemic

    June 10, 2020

    As some countries begin to open up their production facilities amid COVID-19, Brian Heckler, National Sector Leader for Industrial Manufacturing, discusses some of the trends to keep an eye on.

  • Historic job losses: The numbers are bad, but there's more to the story

    May 08, 2020

    KPMG Chief Economist Constance Hunter discusses the Labor Department's report showing surging unemployment.

  • FDA blockchain pilot successfully completed

    May 04, 2020

    Arun Ghosh says the pilot shows blockchain could improve patient safety by reducing the time it takes to alert the supply chain of a product recall from a few days to a few seconds.

Load more
Logo - KPMG
Contact Us Search Careers

KPMG’s content hub for reporters, editors, bloggers, and influencers.

Contact Us Search Careers

KPMG’s content hub for reporters, editors, bloggers, and influencers.

Request for Proposal

Find out what KPMG can do for your business.

Submit RFP
  • Privacy
  • Legal
  • Terms of Use

Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities.

 

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. KPMG does not provide legal advice.

 

This content outlines initial considerations meriting further consultation with life sciences organizations, healthcare organizations, clinicians, and legal advisors to explore feasibility and risks.

 

© 2021 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

 

For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.