Spending data indicates that, despite consumers' belief that they are dining out less to save money, restaurant spending per household actually increased 2.1% between March and June.
Rising costs have put immense pressure on small high street businesses, pushing many to consider closure or selling due to financial viability concerns in the next few years.
A recent Bank of America Institute note spotted a contradiction: While data shows customers increasing spending at restaurants recently, when surveyed, shoppers said they actually cut spending on dining out. They explain this by deal-hunting: Diners still went out, but scaled down the types of restaurants they visited to get more bang for their buck.
Confidence among UK small business owners remains strong in 2025 despite rising costs and economic uncertainty. Nearly half reported stronger business performance this year compared to the last.
Consumers' appetite for big-ticket spending on PCs faces a number of downside risks. Although PCs currently remain exempt, broader tariffs impacting key spending categories have already resulted in inflationary pressure, with the Federal Reserve pausing its planned interest rate cuts in anticipation of further price rises in the remainder of the year.
The effect of those tariffs is already starting a drag on the economy... spending likely rose at an annualized pace of only about 1½% in the first half this year, well below last year's 3% average.
Even if we only walk, we are faster than others," says Sun as he laughs mischievously. He is using the run-walk imagery to describe the state of the Chinese economy compared to its competitors. The businessman had been doing well selling real estate in China. Still, he doesn't want to see his full name published because his business is currently not doing well. There are vacant properties all over, and many apartments are just too expensive. What about the future, what's next? Sun shrugs, suggesting that everything will turn out fine.
Monro will close 145 underperforming stores by the end of the current quarter, signifying a major restructure in response to reduced consumer spending on auto services.
"Four in five who have already spent their refunds spent it on essentials; top spends include bills like rent (58%), groceries (48%), paying down credit card debt (29%) and home repairs (13%)."