Consumers used their credit and debit cards more slowly in Maybut still used them more than they had in May 2010, according toFirst Data's most recent analysis of consumer card use.
"Card spending growth slowed in May," said Silvio Tavares,division manager of First Data Information and Analytics Solutions,commenting on the card processor's May SpendTrend data. "High gasprices and stubbornly high unemployment constrained growth in mostmerchant categories."
SpendTrend tracks same-store consumer spending by credit,signature debit, PIN debit, EBT cards and checks at U.S. merchantlocations.
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