Spending Monitor and Index Trends:


Consumer Spending Report Index

January 2015
 
The CSG U.S. Spending Monitor increased 5.2 points between November and December. This month had the highest increase in consumer spending and it is expected to keep increasing. This rise is seen when looking at the change in the percentage of adults that believe the economy is fair or poor. Last month a combined 73.2% answered that they believe the economy is fair or poor; this month 68.7% answered the same. More than one third of adults this month also believe the economy is getting better (33.5%). Adults between the ages of 18-39 had the most optimistic view of their personal finances with 38.8% stating their finances were getting better; 26.6% of 40-64 year olds, and 19.5% of those 65 and older said the same. More also had a positive outlook on their personal finances. One third (30.1%) stated that they believe their personal finances are getting better; last month only 26.4% stated the same.
 
The CSG Restaurant Spending Index increased 0.6 points between November and December. Nearly 81.5% of adults reported dining out for dinner once a week or less on average while 13.9% dined out 2-3 times a week and only 3.4% reported dining out more than three times a week. Subsequently, 75.3% of adults reported that they expected to spend less than $20 per person while 15.7% expected to spend $20-$35, 4.8% expected to spend $35-$50, and only 2.3% expected to spend more than $50 per person. Furthermore, the type of restaurant frequented a majority of the time was casual dining restaurants at 60.3%, fast food at 28.6%, and fine dining at 5.7%.
 
The CSG Retail Spending Index decreased 0.7 points between November and December. Spending remained relatively stagnant this month. The percentage of adults that said they would spend more next month decreased in each category of discretionary spending. A greater percentage of adults are predicting that they will spend less next month. Last month 37.7% said they would spend more this month compared to 28.6% who said the same. Fewer adults (34.1%) are also reporting that they expect to have added expenses or shortfall in income in the next 30 days.

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CSG: Consumer Spending Report
January 2015

Consumer Spending Report

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The CSG US Spending Monitor, Retail Spending Index, and Restaurant Spending Index are monthly indexes of consumer spending intentions and capacity based on interviews with a random sample of 1,500 U.S. adults. In addition to spending, the survey asks consumers their opinions on the U.S. economy and their personal finances, retail and other discretionary spending.The Monitor began in January 2014 with a base index of 100. CSG captures a unique view of consumer, retail, and foodservice spending intentions. The CSR includes the CSG US Spending Monitor, which tracks economic confidence and spending intentions of US consumers, the CSG Restaurant Spending Index, which measures consumer spending intentions for restaurant purchases, and the CSG Retail Spending Index that measures consumer retail and discretionary spending confidence.The CSR will be available to all customers this summer delivered on a monthly basis. If you would like to receive the CSR report in your email, fill out the form to the left.
 
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