US personal spending fell by the most on record in March as consumers stayed home

Personal consumption expenditures fell 7.5% in March, according to a report released Thursday by the Commerce Department.
It's the largest drop on record for the measure, which accounts for roughly 70% of US gross domestic product.
The report reflects the effects of major lockdowns that swept across the US in March to slow the spread of COVID-19.
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US personal spending plunged in March as the coronavirus pandemic kept consumers at home and