In January, spending at bars and restaurants topped grocery stores for the first time
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In January, Americans spent more at bars and restaurants than at grocery stores.
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This chart, which we first saw from economist Mark Perry, shows that in January, spending at bars at restaurants totaled $50,475,000,000 against $50,466,000,000 spent at grocery stores.
Earlier in February, we highlighted this chart, which showed that spending at restaurants and bars rose 11.3% over the prior year, boosted by an increase in consumer confidence as gas prices crashed in the second half of 2014.
A serious sign of strength in discretionary spending from American consumers.
FRED
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