August Consumer Spending Report
Continued Momentum for U.S. Consumer Spending – But Confidence Stumbles

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:

  • Consumer Spending Behavioral Forecasts – Past 3 Years Comparison
  • Home Entertainment and Online Shopping
  • Changes in Consumer Sentiment and Expectations
  • Consumer Confidence with the U.S. Stock Market
  • A Look at Next 90-day Spending Projections for Major Retailers
  • Consumer Spending on Electronics, Household Repairs/Improvements, Restaurants, Retailers, Travel/Vacation, Autos, and other categories
  • A Look at Interest in Wearable Technology

The complete report is available here.



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