#consumer-confidence

#consumer-confidence

U.S. economic growth slowed in the final three months of last year, dragged down by the six-week shutdown of the federal government and a pullback in consumer spending. The nation's gross domestic product - the output of goods and services - increased at a 1.4% annual rate in the fourth quarter, the Commerce Department reported Friday, down from 4.4% in the July-September quarter and 3.8% in the quarter before that.

If you're feeling anxious about the economy, you're not alone. Consumer confidence is at its lowest in more than a decade. Americans are worried about inflation, a possible recession, and job security-and that anxiety is reshaping how they spend. Even high earners are pulling back. Households are cutting big-ticket indulgences like vacations, fine dining, and designer fashion and redirecting spending toward essentials like groceries and personal care.

It pushed the US dollar index to a four-year low and continues to drive gold and silver to fresh record highs this morning. Trade and geopolitical uncertainty, tied to an increasingly unreliable American friend and ally, as well as growing concerns about what will happen to the Federal Reserve's credibility once Jerome Powell leaves office (it will fly out of the window), continue to weigh on the US dollar.

When discussing affordability, it is important to note that while the CPI price level has increased 26% since 2019, wages have increased 30%,

Twice as many Americans believe their financial security is getting worse than better, according to an exclusive new poll conducted for the Guardian, and they are increasingly blaming the White House. The poll, conducted by Harris, will be a further blow to Donald Trump's efforts to fight off criticism of his handling of the economy and contains some worrying findings for the president.

The average American has always been misinformed about basic economic and political realities, but not to this degree. Something has fundamentally changed in how people perceive the economy, and this is far more than just media misinformation (which does play a big part). We can actually measure people's sentiment in myriad ways, and with the holiday season on the horizon, the Conference Board's Consumer Confidence Index fell to a seven month low of 88.7 in November, missing analysts' expectations today of 93.2.

While overall footfall fell for the sixth consecutive month, there was some good news on High Streets, which saw positive shopper traffic after a disappointing September. With consumer confidence remaining weak ahead of the possibility of a tax-raising Budget, many households have stayed away from shopping centres and retail parks. However, a Friday Halloween brought some welcome relief, delivering a late-month boost for retailers.

Enough is enough. Don't make it harder for the industry to deliver great value for customers.

Selfridges has blamed a slump in the number of international tourists shopping for luxury goods in the UK and weaker consumer confidence for a fall in annual sales, as the retailer racked up losses for a fifth year in a row. The upmarket department store chain reported a 7% decline in sales in the 48 weeks to 4 January 2025 to 775m compared with 835m recorded over the 53 weeks of its previous year.

Almost £1 billion was wiped off the stock market value of Britain's biggest retailers on Tuesday after Deutsche Bank warned that consumer confidence is sliding sharply ahead of the autumn budget. The bank's so-called fear index points to rising anxiety across all income groups, with shoppers concerned about job losses, frozen tax thresholds, and the prospect of further fiscal tightening from Chancellor Rachel Reeves.

In July, California's consumer confidence rose 2% from June, marking only the second monthly improvement since Trump's election. The index still remains 25% off from its October high.

Expectations that the ECB would hold its interest rates unchanged could also support yields and the euro. In this regard, ECB officials signaled a more cautious stance.

"If they're so reliant on fans to buy from them and support them, what happens when that starts to go away?"

China's GDP grew 5.2% in April to June, ahead of analysts' expectations of 5.1%, showcasing resilience amid ongoing trade tensions with the U.S.

California consumers' optimism towards Donald Trump's presidency has sharply declined, with confidence indexes showing a 25% drop in contrast to a 19% rise after his first election.

The new badges will appear across content, so you might notice them popping up on LIVEs, product detail pages, short videos, and in search. This seamless integration into every part of the platform will help us elevate the shopper experience.

Despite a 6% rise in sales from 1 May to 9 June, Zara may face subdued growth due to reduced consumer spending and a slowing economy.

Ollie's brand director emphasized that prioritizing ROI-driven marketing is essential, as they make the most out of every product release or campaign.