Consumer spending news and archive

UK consumer spending falls at fastest rate in eight months

Consumer spending dropped by 1 percent in December 2018, with the run-up to Christmas hitting the sector particularly hard, new data shows. Visa’s UK Consumer Spending Index, compiled by IHS Markit, revealed that overall expenditure continued to decline at the end of last year - with December’s -1.0 percent year-on-year reduction the fastest...

BusinessFeatured

Holiday shopping survey finds increase in consumer spending

As the stock market continues to see robust growth and consumer confidence continues to rise, anticipated 2017 holiday spending is projected to increase 5 percent. “Generally good economic news has consumers signaling a 4 percent increase in their holiday spend this year to an average of 936 dollars per household,” said Robert Passikoff, founder...

Apparel

US consumers spending less on clothing

American consumers have spent less on apparel in 2013 than they did in 2012. Clothing sales saw a sharp decline, as they responded to falling incomes, a new report by the US Department of Labor shows. The Consumer Expenditure Survey shows overall spending fell by 0.7 percent in 2013, after seeing a 3.5 percent hike in 2012, with spending on...