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.
Other Articles By Author
HFN Launches Interactive Idea Book
HFN's DIGITAL EDITION
COVER STORY: HFN Turns 90
We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.
ALSO IN THIS ISSUE:
- Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
- Omnichannel Retailing - In the Mobile App World, Time is Money