Page 4 - Consumer Spending

Consumer spending in India expected to be high this festival season: Report

Coming out of the pandemic, consumers in India have expressed a strong desire to buy more discretionary products during the festive season, according to Deloitte's Global State of Consumer Tracker. Deloitte's latest analysis indicates that consumers are willing to increase spend on both travel and hotel stays. They also intend to buy either a new or used vehicle within the next six months. "Despite concerns over inflation, the planned spending over the next four weeks will see spike across age groups in all categories," Deloitte said in a press statement. Consumers' intent to purchase clothing, electronic and home furnishing, and recreation, entertainment and leisure, indicates a positive spending pattern triggered by the upcoming festive season. "The survey findings clearly indicate that consumers plan to increase their discretionary spend by 30 per cent (on items such as recreation and entertainment, restaurants, and leisure travel) in August 2022, compared with April 2022," it .

Ad spends likely to get double-digit boost as festive cheer returns

Ad spend projected to be Rs 30,000 crore this time - growth of 15% over last year's Rs 26,000 crore

Footfalls in stores may rise by 20% this festival season: Local Circles

An increase of 20 per cent in consumers likely to be seen in stores/markets this festival season as compared to last year

India economic growth to be sustained by consumer spending rebound: Govt

It said an increase in private consumption and higher capacity utilisation rates had helped private-sector capital expenditure reach one of its highest levels in the last decade

China's consumer spending, factory output improve but still remain weak

Chinese consumer spending and factory output edged up in August but still were weak, official data showed Friday, and forecasters warned the second-largest economy is vulnerable to repeated shutdowns of cities to fight virus outbreaks. Housing sales plummeted while prices edged lower, adding to a slide in real estate activity under pressure from a government campaign to control surging corporate debt that set off an economic slump in mid-2021. China's economy held up slightly better than anticipated last month, but momentum still weakened, said Julian Evans-Pritchard of Capital Economics in a report. September is shaping up to be even worse. Chinese leaders are trying to prop up economic growth that sank to 2.5% over a year earlier in the first six months of 2022, less than half the official 5.5% target, without big stimulus spending that might push up debt and housing costs. Economists say this year's Chinese economic growth might come in below 3%, less than half of last year's 8.

Over 2 years after Covid outbreak, consumer firms see strong festival sales

The sentiment is robust even in the consumer durables segment

CAIT upbeat about consumer spending in upcoming Diwali festive season

"The expected growth in business among cities will not be restricted to cities alone but traders in small towns and rural areas will also witness growth," it said.

McDonald's to Coca-Cola: Why are CEOs suddenly obsessed with 'elasticity'?

The economic concept, which describes consumers' sensitivity to prices, is a hot topic as inflation soars and executives fret about profits

Consumers worried over income growth prospects and job outlook, says report

The Reserve Bank of India conducts Consumer Confidence Survey (CCS) and Industrial Outlook Survey (IOS) to make such informed expectations

BNPL credit facility used without caution can lead to a debt trap

Understand all the attendant costs of this facility; delayed repayment will hit your credit score

Electronics firms to extend production cuts till August amid low demand

Consumer electronics inventory has piled up as consumers are holding back their discretionary spending, a report said

Despite biting inflation, analysts bullish on retail stocks for long haul

Analysts believe that the Indian retail sector is on the 'cusp of accelerated earnings growth' as consumer sentiment, and discretionary purchases bounce back from Covid-19 pandemic

US economy contracts 1.6% in first quarter amid record trade deficit

The US economy grew at a robust 6.9% pace in the fourth quarter

As inflation soars, Indians cut down spending on clothing and fuel: Survey

A majority of urban Indians said their cost of living went up to some extent as compared to a year ago, stated the survey conducted by YouGov

ITC FMCG business' annual consumer spend over Rs 24,000 cr in FY22

ITC, which owns brands like Aashirvaad, Bingo, Classmate, Savlon and YiPPee, "remains focused on rapidly scaling up the FMCG biz anchored on strong growth platforms and a future-ready portfolio".

Dollar slides for second week as traders adjust US Fed rate hike views

The dollar index, which measures the safe-haven currency against a basket of six other major currencies, fell as low as 101.43, its weakest since April 25.

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

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.

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.

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