#consumer spending

#consumer spending

Donald Trump became president for the second time on this day in 2025. With that came a lot of new economicplans for trade, immigration, and the federal workforce. Elizabeth Renter, a senior economist at NerdWallet, said uncertainty from actual or potential policy changes affected consumers, job seekers, and small to midsize businesses. "There was a lot of guesswork happening in 2025, and then you add to that mix issues with economic statistics, and sort of reading the tea leaves to figure out where the economy is headed amidst all this change became increasingly difficult," Renter said.

New figures from the British Retail Consortium (BRC) show overall retail sales rose by just 1.2% in December compared with a year earlier - well below the 12-month average growth rate of 2.3%. While food sales proved resilient, demand for non-food items such as clothing, electronics and gifting products fell flat at the most critical time of the year. Non-food sales slipped by 0.3% year on year in December, a sharp reversal from the 4.4% growth recorded in the same month in 2024.

Companies across the state say rising operating costs continue to squeeze their outlook, according to the latest Associated Industries of Massachusetts Business Confidence Index. Confidence in both the state and U.S. economies has dropped more than 15 points from a year ago, even as consumer spending holds steady and business investment shows resilience. "Consumer spending has remained relatively resilient, supported by steady job growth, rising real wages in some sectors, and strong balance sheets among higher-income households," said Sara Johnson, chair of the AIM Board of Economic Advisors.

According to a new survey by Salesforce, consumers spent a record-breaking $1.29 trillion globally, and $294 billion in the U.S., amid higher average selling prices, up 7% year-over-year, during the recent holiday season. Sales growth reached 7% globally and 4% in the U.S., indicating that consumer appetite remained strong from the start of the season through the end. Order volumes were also up, 3% globally and and 1% in the U.S.

Boxing Day sales are expected to deliver a £3.6 billion boost to UK retailers this year, around £1 billion less than in 2024, as cost-of-living pressures continue to weigh on household spending. The forecast comes from Barclays, which tracks nearly half of all credit and debit card transactions across the UK. The anticipated decline represents a blow to retailers during their all-important "golden quarter", traditionally the most lucrative period of the year.

US real gross domestic product rose at an annualized rate of 4.3% in the third quarter, exceeding the 3.3% expected and more than the 3.8% growth in the second quarter. "The increase in real GDP in the third quarter reflected increases in consumer spending, exports, and government spending that were partly offset by a decrease in investment," the Bureau of Economic Analysis said.

After years of wartime splurging, Russian shoppers are tightening their grip on their wallets - a shift that hints at growing stress in the country's economy. Growth in consumer spending has weakened across most regions, the Central Bank of Russia said in a report published Wednesday. In October and November, demand softened even as unemployment remained near historic lows and inflation expectations ticked higher.

The research by the non-profit group Material Focus found about 1.7bn was spent last year on Christmas lighting, including 39m sets of fairy lights. Consumers bought a further 28m light-up items such as garlands, wreaths, stars and snow globes, along with 23m light-up figures and characters and 16m pre-lit Christmas trees.

Deals promoted as some of the best of the holiday season are expected to keep people across the United States glued to their computers and smartphones as the post-Thanksgiving shopping marathon wraps up on Cyber Monday.It's no secret that buying things online is now a staple of many people's everyday routines. And year after year, those purchases mount during the gift-giving holiday rush.

The figures suggest that Americans are increasingly wary of high costs and sluggish job gains, with perceptions of the labor market worsening, the survey found. Declining confidence could pose political problems for Trump and Republicans in Congress, as the dimmer views of the economy were seen among all political affiliations and were particularly sharp among independents, the Conference Board said.

On one end of the spectrum are glittering ads featuring the likes of Mariah Carey encouraging shoppers to splurge on beauty and influencers unboxing beauty advent calendars worth thousands of dollars. On the other are brands urging consumers to slow down, buy less or opt out of the frenzy entirely. To large audiences, some of the more ostentatious ads have come across as tone deaf in a season where news has centred around people missing paychecks and food assistance benefits.

The narrative surrounding the "resilient U.S. consumer," which has been a major upside surprise in 2025, is now facing significant headwinds, according to the Global Investment Committee (GIC) at Morgan Stanley Wealth Management. While consumer spending has maintained a steady nominal growth rate of 5% to 6%, underpinning a bullish outlook for US equities in 2026, the GIC is expressing caution. Lisa Shalett, chief investment officer and head of the GIC, warned that although the broader macroeconomic picture remains cautiously optimistic, the "K-shaped" economy demands greater scrutiny.

UK economic growth slowed sharply in the third quarter, rising just 0.1% between July and September, as a steep fall in car production and subdued consumer spending weighed on activity ahead of the Chancellor's Budget later this month. The figure, published by the Office for National Statistics, came in below analysts' expectations of 0.2% and marks a clear slowdown from the 0.3% growth recorded between April and June and the 0.7% expansion at the start of the year.