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Pet industry continues to defy recession


Mar 25, 2010

Once again, America's spending on pets has grown despite the recession, with a 5.4% increase in 2009, according to the APPA. The APPA's annual comprehensive review shows spending on animals, food, supplies, veterinary care, grooming, boarding and pet sitting jumped to USD45.5 billion (EUR33.9 billion) in America in 2009, up from USD43.2 billion (EUR32.2 billion) in 2008.

The association projected another increase - of nearly 5% - in 2010. While growth came in all categories, health-care spending showed the biggest increase, with an 8.5% rise in spending on veterinary care - a result of medical advances leading to a greater range of services available.
 


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