Deloitte: Spending Index Down but Conditions "Positive" for Consumers
September 18, 2013,
NEW YORK-The Deloitte Consumer Spending Index, which tracks consumer cash flow as an indicator of future consumer spending, declined from 4.5 in July to 4.0 in August.
The index is comprised of four components: tax burden, initial unemployment claims, real wages and real home prices. A Deloitte statement noted that the tax rate is up 6.4 percent from last year, to 11.8 percent. Real wages also declined from the previous month, although they were up 0.2 percent from the same time last year.
Initial unemployment claims were down 7.8 percent in August. Real new home prices were up 7.9 percent from the same period of last year, to about $110,000.
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