Consumers' ability to continue spending in 2024 will be influenced by a healthy labor market. Expected falling interest rates and moderating inflation will offer some relief to consumers, but elevated prices and rising debt will pose challenges. Dive into our latest consumer outlook report for more insights: https://bit.ly/42FY4S8
National Restaurant Association’s Post
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Highlighting the resilience of U.S. consumers, the latest data from the Conference Board reveals a steady confidence index of 104.7 in March, despite concerns over rising prices and future prospects. While short-term expectations dipped slightly, current conditions saw improvement, reflecting a nuanced sentiment among Americans. With indicators suggesting a robust economy, including strong job growth and solid spending, some underlying anxiety is evident, hinting at a cautious approach to spending. Despite fluctuations, the overall sentiment underscores a balanced outlook amidst evolving economic dynamics. Get the full full picture by reading along with America's Best ElectricMart https://bit.ly/3vCgUh4
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We are seeing a puzzling drop in US Consumer Confidence... - It greatly improved since mid-2022 when inflation peaked. That said it never fully recovered back to pre-inflation/pre-covid levels. Additionally, latest consumer confidence measures show a drop (from the Univ Michigan survey, but not only - see graph). - Considering strong growth, households’ revenues & wealth effect, and still healthy labor markets, confidence should be much higher. - There’s an ‘irrational’ part in consumer confidence that we seek to isolate in the right chart, which shows intensifying excess-pessimism since 2023. When lasting for too long, excess pessimism can become selffulfilling, with implications on consumption and then on GDP and profits. To be monitored given the importance of consumer to the US economy!
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The Conference Board reported that its index of consumer confidence rose again (and by a larger than expected 6.9 points) to 117.0 (1985=100) in July. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—improved, as did the Expectations Index. The latter rose above the 80 threshold, a level that historically signals a recession within the next year. This is an optimistic report and puts confidence by this measure at its highest level in two years. A big part of this was labor markets and lower inflation.
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#Economy | U.S. consumer prices increased less than expected in April, suggesting that #inflation resumed its downward trend at the start of the second quarter in a boost to financial market expectations for a September #interestrate cut. The reports suggested that domestic demand was cooling.
US consumer inflation resumes downward trend as domestic demand cools
https://bizrepublic.com
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#MarketUpdate: Consumer inflation will be lower in the coming years relative to 2021−2022. How much will pricing contribute to your top line? Find out how to boost your top line and protect your profits with a free trial of the Trends Report™! https://hubs.la/Q02sdNXp0
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Read the latest Gallagher Weekly Market Update featuring some of the week's top market headlines! https://lnkd.in/gmZ-FXkP ➡ Consumer Spending Powers Strong Q3 GDP Growth ➡ Consumer Sentiment Slips Again in October ➡ NASDAQ Composite Index Marks a Correction #MarketReport #ConsumerBehavior
Weekly Financial Markets Update October 30, 2023 | Gallagher USA
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“For many markets, mild decline will be the predominant trend in 2024... Downward pressure is pervasive and intensifying as consumers struggle with the cumulative impact of elevated inflation and tighter financial conditions. Wholesalers and manufacturers are already contending with year-over-year contraction, while retail and business-to-business spending growth is slowing to a crawl.” ISA MEMBERS: Have you checked out the Q4 2023 ISA Advisor yet? This quarterly economic forecast breaks down the current state of 7 important indexes within our industry, offering a data-driven look at what the future holds for each. Check out the reports now at: https://lnkd.in/g_CAbk_n #ISAPartners #IndustrialSupplyAssociation #ISAAdvisor #IndustrialSupplyIndustry #IndustrialSupplyChannel #IndustrialSupplyForecast
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Read the latest Gallagher Weekly Market Update featuring some of the week's top market headlines! https://lnkd.in/gmZ-FXkP ➡ Consumer Spending Powers Strong Q3 GDP Growth ➡ Consumer Sentiment Slips Again in October ➡ NASDAQ Composite Index Marks a Correction #EmployeeBenefits #MarketReport #ConsumerBehaviour
Weekly Financial Markets Update October 30, 2023 | Gallagher USA
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Licensed Insurance Broker | Client Service Manager Senior at Gallagher | K12, Higher Education, Public Entity & Nonprofit | Midwest Diversity & Inclusion Leader
Read the latest Gallagher Weekly Market Update featuring some of the week's top market headlines! https://lnkd.in/gmZ-FXkP ➡ Consumer Spending Powers Strong Q3 GDP Growth ➡ Consumer Sentiment Slips Again in October ➡ NASDAQ Composite Index Marks a Correction #EmployeeBenefits #MarketReport #ConsumerBehaviour
Weekly Financial Markets Update October 30, 2023 | Gallagher USA
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