April Dip Brings May Spending

Strong Economy = Good Month for Retail

Spending Monitor and Index Trends:

Consumer Spending Report IndexConsumer Spending Report Index

May 2019

Good news for retailers: May’s estimated spending rose from a sudden drop in April. Since CSG started monitoring consumers’ spending habits month by month, May has always been a wildcard as far as predictability. Some years the dip in April continued and didn’t spike again until June, while other years showed significant May improvements. The apparent correlation between a “good May” and a “bad May” is the state of the perceived economy. 43% of adults surveyed stated they thought the economy was getting better than in previous months, and thus we see a significant improvement in spending habits.

At the time of CSG’s pole, restaurant spending showed the most improvement over last month with a 2.6% increase in eating out. Not only are people eating out more than in the previous month, but the type of restaurant has also changed. With a stronger economy, people aren’t afraid to spend more when dining out. There was a significant increase in the number of people stating they would be paying…

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CSG: Consumer Spending Report
May 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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