The Rise of Tariffs Drops Spending

People Are Spending Less in Preparation of Price Increases on Imports

Spending Monitor and Index Trends:

Consumer Spending Report IndexConsumer Spending Report Index

June 2019

Every year, there are several months that CSG can predict with a fair amount of certainty. For instance, December will always be high due to the holiday with January’s percentage dropping before the numbers slowly rise as the months move into summer. Historically, June has always been a month that shows an elevation in potential spending, but this year, the US spending monitor dropped nearly two full points.

On May 10, the tariffs on $200B Chinese imports was raised from 10% to 25% with talks of increasing the number to over $300B imports. The increase put pressure on the already strained apparel and hardware industries, and discount stores have been left struggling to find ways to meet sales demands without increasing prices. Then on May 30, an announcement was made proposing an increase in tariffs on Mexican imports starting June 10 with 10% and rising to 25% by October. Unfortunately, with no way around it, retailers are slowly increasing product prices to compensate for the rise in taxes, which leaves consumers not wanting to spend…

Read More

CSG: Consumer Spending Report
June 2019

Consumer Spending Report

Download Now

Sign Up To Get Your CSR Monthly
First Name*

Last Name*

Company Name*

Email*

Phone Number*

Industry*

Be sure to bookmark the next page to skip re-entering this information on your next visit.
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.

Download Past Issues:
May2019
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014