U.S. Easter Spending Will Increase for First Time Since 2007
(Bloomberg) — U.S. consumers plan to spend as much as $14 billion on candy-filled baskets, lamb dinners and colored eggs for the Easter holiday weekend, a sign that non-essential purchases are rebounding.
The projected 1.8 percent boost would be the first increase in Easter holiday spending in three years, with food, candy and clothing leading the growth, according to IBISWorld, a Los Angeles-based research firm. Spending for the same period fell 8.3 percent in 2009 and 1 percent in 2008. Estimates are based on IBISWorld surveys, industry reports and sales figures.
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