Page 6 - Consumer Spending
Equities rise, yields fall after data shows US inflation may have peaked
Consumer spending, which accounts for more than two-thirds of US economic activity, increased 0.9% last month, and although inflation continued to increase in April, it was less than in recent months
 "Equities rise, yields fall after data shows US inflation may have peaked")
US economy contracted by 1.5% in Q1, but consumers kept spending
Last quarter's drop in the US gross domestic product the broadest gauge of economic output does not likely signal the start of a recession.
 "US economy contracted by 1.5% in Q1, but consumers kept spending")
Consumers show cautious optimism; hold non-discretionary spends: Report
Indian consumers are showing cautious optimism and balancing non-discretionary spending as they are saving more for the future, according to a report.
 "Consumers show cautious optimism; hold non-discretionary spends: Report")
Financial immunity gains currency in post-pandemic world: Survey
Post the first year of the pandemic, people are spending less on discretionary items, and they are majorly renewing their health and life insurance policies
 "Financial immunity gains currency in post-pandemic world: Survey")
Global consumer spending on mobile apps hits $170 billion in 2021
The global consumer spending on mobile apps across iOS, Google Play and third-party Android app stores in China reached $170 billion in 2021
 "Global consumer spending on mobile apps hits $170 billion in 2021")
Consumer spend on Apple, Google app stores to hit $133 bn in 2021
The global consumer spending on Apple App Store and Google Play Store is set to reach $133 billion in 2021, a 19.7 per cent (on-year) growth from $111.1 billion in 2020, a new report has said.
 "Consumer spend on Apple, Google app stores to hit $133 bn in 2021")
Indian consumers spend to live in the moment despite inflation heat: Survey
Despite global inflationary concerns, Indians are looking forward to having a balanced life with plans to spend on luxuries such as personal care, clothing, vehicle, leisure travel and air travels
 "Indian consumers spend to live in the moment despite inflation heat: Survey")
Top lenders fuel higher consumer spending in India with easy credit
HDFC Bank's retail loans surged 12.9% in the three months ended September from a year earlier, the lender's first double-digit growth in such loans since the onslaught of the pandemic
 "Top lenders fuel higher consumer spending in India with easy credit")
India seeing consumption revival; spending on discretionary increasing
Indians are slowly making their way back to the office and is witnessing a consumption revival in the country with spending intent shifting towards more discretionary items
 "India seeing consumption revival; spending on discretionary increasing")
Lipstick effect or pent-up demand? Consumption-driven stocks fly high
For the coming few months, analysts expect the Indian consumers to forego big ticket retail purchases and opt for reasonably priced indulgences
 "Lipstick effect or pent-up demand? Consumption-driven stocks fly high")
Consumer confidence rally in Sep shows 2% points upswing: Survey
For the consumer confidence survey, a sample of 500 adults from Ipsos' India online panel aged 16-64 was interviewed online.
 "Consumer confidence rally in Sep shows 2% points upswing: Survey")
United States consumer sentiment remains depressed in late august
If the slide in confidence translates to a pullback in spending, economic growth may decelerate further in the coming months.
 "United States consumer sentiment remains depressed in late august")
Downbeat Indian consumers withhold spending amid pandemic, says RBI survey
The latest survey came as the RBI's Monetary Policy Committee kept interest rates unchanged at a record-low
 "Downbeat Indian consumers withhold spending amid pandemic, says RBI survey")
Consumers show intent to up spending in festive season, says report
Indian consumers have shown an intent to increase discretionary spends in anticipation of the upcoming festive season
 "Consumers show intent to up spending in festive season, says report")
Inflation seen rising in India, China, other big Asian nations in 2022
Surging costs of imported commodities have driven China's factory inflation to the highest level since 2008, while selling prices to consumers are holding fairly steady.
 "Inflation seen rising in India, China, other big Asian nations in 2022")
Consumer discretionary index hits all-time high; analysts see more upside
The recent optimism at the bourses stems from the hope that consumers will resort to 'revenge buying' once the lockdown condition is lifted following the second wave of Covid infections receding
 "Consumer discretionary index hits all-time high; analysts see more upside")
Capping trade margin on O2 concentrators resulted in consumer savings: Govt
Capping the trade margin on oxygen concentrators by the government has resulted in ensuring consumer savings as the price of the critical device has come down
 "Capping trade margin on O2 concentrators resulted in consumer savings: Govt")
Households wary of discretionary spending
The RBI Current Situation Index has been negative in all surveys conducted in the past four years except the one in March 2019
Covid-19 slows India's services activity slightly in March: PMI report
Firms continued to bear elevated cost pressures but only passed some of it to consumers to stay competitive
 "Covid-19 slows India's services activity slightly in March: PMI report")
Consumers will become increasingly agile and demanding: Deloitte
Consumers will become more aware of brands and seek comfort and convenience at the click of a button.
 "Consumers will become increasingly agile and demanding: Deloitte")