Consumer Spending

Powered by strong consumer spending, the US economy grew at the fastest pace in two years from July through September, the government said Thursday in a slight upgrade of its first estimate. America's gross domestic product - the nation's output of goods and services - rose at a 4.4 per cent annual pace in the third quarter, the Commerce Department reported Thursday, up from 3.8 per cent in the April-June quarter and from the 4.3 per cent growth the department initially estimated. The economy hasn't grown faster since third-quarter 2023. Consumer spending, which accounts for 70 per cent of US GDP, grew at a healthy 3.5 per cent pace. A surge in exports and a drop in imports also contributed to robust third-quarter growth. The economy has remained resilient despite uncertainty caused by President Donald Trump's policies, particularly his double-digit taxes on imports from almost every country on Earth. Despite the strong growth numbers, many Americans are dissatisfied with the state

Chinese tourist numbers are rising across Asia, but duty-free sales remain weak as travellers spend less, skip group tours and buy more foreign brands at home instead of overseas

Based on channel checks, Elara Capital analysts said the QSR universe is seeing soft demand trends in the current quarter, even after recent GST rate cuts.

Nomura sees GCPL, Tata Consumer, Marico, and Britannia as the key near-term winners of the commodity downcycle.

Vehicle purchase intent (VPI) up 6.6 points YoY, with EV adoption rising to 60 percent, reflecting confidence in big-ticket and sustainable purchases.

Motilal Oswal continues to favour leading staples companies, including HUL, GCPL and Marico, as beneficiaries of renewed consumption momentum.

Japan's economy expanded at a stronger rate in the fiscal first quarter than previously estimated, despite worries about US tariffs and domestic political uncertainty, according to government data released Monday. The Cabinet Office said Japan's real gross domestic product, the sum value of a nation's goods and services, grew at a seasonally adjusted 2.2% annualised rate in the April-June quarter from the previous quarter. That was better than the preliminary estimate for 1.0% growth, which came out last month, as solid consumer spending and inventories lifted growth more than previously thought. Quarter-on-quarter, Japan's GDP grew 0.5%, up from the initial estimate for a 0.3% rise, which was also what analysts projected, according to RaboResearch. That marked the fifth straight quarter of growth. The annualised number shows what the growth, or contraction, would have been if the quarterly rate continued for a year. US President Donald Trump's move to raise tariffs on Japanese ..

Consumer spending, which accounts for more than two-thirds of economic activity, rose 0.5 per cent last month after an upwardly revised 0.4 per cent gain in June

Capex to consumption: Emkay Global adjusts investment strategy amid shifting consumption trends across urban and rural India

Financial technology firm Zaggle on Thursday said it has partnered with travel and expense solutions provider Mesh Payments to tap the global spend management market. Zaggle, in a statement, said that its association with Mesh Payments will enable Indian MNCs to manage global expenses across the US, Europe, and Latin America using Mesh's capabilities to issue corporate cards in global markets. Mesh's global clients operating in India, through their GCCs, can leverage Zaggle's spend management ecosystem, including prepaid cards, forex cards and corporate credit cards, it added. Zaggle founder and Executive Chairman Raj P Narayanam said the partnership with Mesh is a strategic move to extend the platform's leadership beyond borders. Citing a Deloitte report, Zaggle said that the top 100 companies in India spend more than USD 2.2 billion on business travel. India's digital transformation is creating unprecedented demand for intelligent spend solutions, and we are uniquely positioned

A new study has found that around 30 million people fall into the 'emerging' or 'aspirant' consumer category who have only recently begun spending more but remain cautious in their financial choices

Beijing launches a bold plan to boost consumer spending, crack down on fraud, improve product quality, and create a safer, more reliable market for shoppers across China

The gaps in urban areas were even wider, with urban Gujarat spending ₹17 and urban Punjab ₹12 on beverages and processed foods for every ₹1 spent on eggs, fish and meat

The increase was in line with economists' expectations. In the 12 months through December, the PCE price index advanced 2.6%. That was the biggest gain in seven months

With billions in subsidies, the initiative aims to attract new consumers, but experts are divided on whether it will drive lasting change or just provide a short-term economic boost

The move is part of China's efforts to encourage consumption to offset the effects of any new US tariffs on Chinese exports, which have been a key growth driver

Top execs plan to go on hiring spree, expect govt to offer tax incentives

President Xi Jinping has declared boosting domestic consumption the top priority for 2025, as his government ramps up efforts to bolster a slowing economy

Indian households grappled with soaring prices in 2024 as inflation strained budgets and reduced purchasing power. High inflation rate cut into savings and curbed discretionary spending of consumers

India's swelling urban middle class has been the engine of its growth for far longer than government capex has