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Wall Street Journal

Consumers Are Under Stress, Procter & Gamble Says

Procter & Gamble PG -0.75%decrease; red down pointing triangle, long a bellwether for the health of the U.S. consumer economy, says American shoppers are slowing down. Consumers are using up their pantry inventory, delaying purchases and shopping at stores less frequently to avoid the temptation to buy things they don't immediately need, said P&G's chief financial officer, Andre Schulten. The company reported quarterly earnings Tuesday.