ECONOMIC UNCERTAINTY AND THE UPCOMING ELECTION

Spending Monitor and Index Trends:

Consumer Spending Report Index

August 2016

• The CSG US Spending Monitor decreased to 101.8.

• The CSG Restaurant Spending Index decreased to 102.5.

• The CSG Retail Spending Index decreased to 104.3.

Uncertainties in the strength of the economy, personal finances, and the upcoming election have caused consumer confidence to waiver as of late. While most of the back to school shopping surplus boosted July sales, it will do little to save August from the overall impact of the elections. Even though strong consumer spending has been propping up the U.S. economy during the first half of the year, the latest polling figures may indicate a tipping point for confidence.

Republican respondents in particular had negative views with 64% believing the economy is getting worse. A notable portion of Republicans (48%) compared to Democrats (28%) stated their personal finances are getting worse…

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CSG: Consumer Spending Report
August 2016

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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