1 year 10 months ago
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US consumer spending decreased 11% to $4.3 billion this June 2022 compared to the same period last year, NPD reported in its monthly charts.
Analyst Mat Piscatella noted a growth in subscription spending but it "could not offset declines in other areas of content spending, while hardware and accessory spending also dropped."
Overall, spending for the first half of 2022 reached $26.3 billion, a 10% drop year-on-year, with subscription being the only category experiencing growth compared to 2021.