ChangeWave's August survey shows U.S. consumer spending remains strong – and is registering another slight uptick this month. ChangeWave Research is a service of 451 Research. The survey of 2,002 U.S. consumers – completed August 19 – shows spending is up for electronics and autos. Back to School shopping plans are positive as well, although the spending increase is a bit more modest than a year ago. A handful of major retailers are benefitting from the seasonal uptick, including Target, which is back on a recovery path after last month's drop. On the home entertainment front, Amazon and Apple are big winners. In another positive, consumer concerns over higher energy costs and inflation are easing. But in a note of caution, consumer expectations are down slightly and confidence has stumbled significantly this month. Nonetheless, the August survey contains the best overall spending scores in more than four years. Report details include:
The complete report is available here. |
August Consumer Spending Report
Continued Momentum for U.S. Consumer Spending – But Confidence Stumbles
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