Spending Monitor and Index Trends:

Consumer Spending Report Index

March 2015

The CSG U.S. Spending Monitor increased 0.9 points. When asked to rate the economy, a combined 32.6% of adults stated that they believe the economy is excellent or good, while a combined 65.7% stated they believe it is fair or poor. This is a decrease from last month when a combined 36.4% believed the economy was excellent or good and 62.2% answered fair or poor. One of the reasons the monitor remained stagnant this month is evident in adults perceptions of their personal finances and whether it is getting better or worse. Overall, adults were fairly evenly split on how they rated their personal finances with 11.1% answering excellent, 30.2% answering good, 38.0% answering fair, 18.8% answering poor, and 2.0% weren’t sure.

The CSG Restaurant Spending Index decreased 0.1 points between January and February. A slight decrease suggests that very few consumers are changing their dining out habits and for the most part are continuing to find going out to eat a pleasurable experience. An overall majority across all income brackets – under $50K at 67.2%, $50-$100K at 78.9%, and $100K+ at 82.2% – rated their dining out experiences as pleasurable. For the same income brackets surveyed, casual dining restaurants dominated the consumers’ choice for dining out locations. As federal tax season shifts into high-gear, it will be interesting to see how the consumer’s restaurant spending habits will be affected.

The CSG Retail Spending Index increased 2.1 points. Overall, spending in all areas remained relatively the same from last month. A greater percentage of adults this month, 18.8%, are reporting that they will spend more on home improvements. Almost half of adults say they spent about the same as last month, and 30.4% said they spent more. It is expected that the index will stay relatively stagnant next month as 52.5% of adults say they believe they will spend the same next month and 35.6% expect to have increased expenses or a shortfall of income…Read More

CSG: Consumer Spending Report
March 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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