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Tag Archives: Deloitte

Deloitte: Consumer Spending Largely Flat in February

Deloitte's Consumer Spending Index experienced a minor bump in February as "a decline in initial unemployment claims and a rise in real average hourly earnings offset negative forces," the company reported Wednesday. The index, which tracks consumer cash flow as an indicator of future spending, rose slightly to 4.0 last month from a reading 3.9 in January. While the increase was relatively small, it turned around three straight months of declines and showed consumers are weathering the payroll tax increase well.

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Deloitte Consumer Spending Index Falls in January

Deloitte's Consumer Spending Index declined for the third straight month in January, the company reported. The index, which tracks consumer cash flow as an indicator of future spending, fell to 3.87 from a previous reading of 3.93. Patricia Buckley, director of economic policy and analysis at Deloitte and author of the monthly index, explained the decrease is "primarily due to slowing increases of new home prices," though gradual improvements in initial unemployment claims and real wages may reverse the downward trend in the future.

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Deloitte Consumer Spending Index Loses More Ground in December

Consumer spending continued its backslide in December, according to professional services firm Deloitte. Deloitte's Consumer Spending Index--which is made up of components measuring consumer tax burden, initial unemployment claims, real wages, and real home prices--slipped to 3.81 in December from November's reading of 3.96. The decline continues a downward trend that started in November after nearly a year of steady gains. Most of the drop in spending stems from an increase in unemployment claims following superstorm Sandy.

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Stagnant Price Growth Drags Down Consumer Spending

Consumer spending turned down in November after nearly a year of steady gains, according to Deloitte's Consumer Spending Index. The index, which tracks consumer cash flow as an indicator of future spending, comprises four components: tax burden, initial unemployment claims, real wages, and real home prices. The index dipped from 4.14 in October to 3.89 in November, turning around several months of improvement. The index reflects data through October but does not yet show the complete impact of superstorm Sandy.

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