JPMorgan: US Spending Up 5.8% YoY March

JPMorgan's rolling seven‑day data shows total US consumer spending grew 5.8% YoY in March, up from 5.0% in February.
Discretionary spending rose 6.7% YoY versus 4.2% for non‑discretionary, while spending excluding gas stations increased 5.5% MTD, slightly below February’s 5.6%.
Gas station sales jumped 12.8% MTD, driven by 17.8% higher gas prices, reversing February’s –7.3% decline and pressuring lower‑income consumers.
Airline spending surged 8.2% MTD, up from 2.1% in February, reflecting higher airfares from jet‑fuel costs and Middle‑East conflict‑driven demand.