August Decline

Economic Worries Crush Spending

Spending Monitor and Index Trends:

Consumer Spending Report IndexConsumer Spending Report Index

August 2019

Although we’ve reached that time of year when back to school sales are in full swing, estimated spending for August has significantly dropped over the last month. In the on-going economic standoff with China, a proposed tariff announced on August 1 would affect $300 billion of imports, which would go into effect September 1. There’s little doubt the new tariffs are a contributing factor for the dip in spending.

The proposed tariffs will likely hit shoppers harder than the previous round, as electronics, shoes, and toy prices increase. The announcement couldn’t have come at a worse time of year…

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CSG: Consumer Spending Report
August 2019

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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