Welcome to the Economic Outlook Series
In our latest economic update report, Andrew Duguay, Prevedere Chief Economist, details mixed signals on consumer spending. While total retail sales may paint a positive picture, they aren’t “total” when it comes to the complete image of consumer spending.
In this report, Andrew compares total retail sales data to total personal consumption expenditures to uncover the true, current state of consumer spending. He further breaks the data down to identify the COVID effect on goods and services specifically and compares it to recessions past.
Also in this report is a special feature: Scenario Planning 101 for 2021. Andrew shares the advice we give our customers when it comes to data and planning for 2021.
Does history repeat itself when it comes to consumer spending during a recession? Find out in our latest economic update report that includes expert advice to fuel your plans for next year.
About Prevedere, Inc.
Prevedere is a predictive analytics software company that delivers insights into future business outcomes based on current economic trends. Our predictive economic intelligence helps executives see what lies ahead for their business and solve for upcoming risks and opportunities. Our SaaS solutions apply the power of machine learning and predictive modeling to more than 2.5 million indicators of global economic and consumer activity. Prevedere customers include Fortune 500 industry leaders in retail, manufacturing, and consumer packaged goods. To learn more, visit www.prevedere.comand follow @Prevedere on Twitter.