In the November U.S. Economic Outlook, Danielle Marceau, Principal Economist and Director of Analytics at Prevedere, provides an overview of the economy’s current state and consumer behavior.
Danielle dives into three main categories that indicate consumer spending. After robust spending in the summer, consumer confidence and spending expectations are moving lower in tandem with dwindling savings. The labor market is tightening across specific industries, with a relatively mild increase in unemployment.
The on-demand webinar expounds on the following:
- Weakness in consumer confidence
- Declining consumer spending expectations
- Soft high-frequency retail sales data
Watch the on-demand webinar to learn more.
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About Prevedere, Inc.
Prevedere is the world’s leading provider of predictive analytics technology and solutions based on econometric modeling, enabling intelligent enterprises to understand and quantify the impact of external factors as part of their strategic planning and forecasting. Our global data repository and patented AI platform enable financial executives and operational planners to identify market drivers, quantify the future impact of economic volatility, generate performance forecasts, and optimize plans based on market foresight.
Prevedere’s automated AI model monitoring provides an early warning system when unplanned market shifts and anomalies are predicted, enabling planners to future proof business performance. Many of the world’s leading consumer packaged goods, retail, logistics, and manufacturing companies leverage Prevedere to generate economic intelligence, spot market opportunities, mitigate risks, and deliver exclusive competitive advantage.