In the October U.S. Economic Outlook, Danielle Marceau, Principal Economist and Director of Analytics at Prevedere, discusses the earliest signs of a pullback in consumer spending.
Despite the resurgence of consumer confidence and expenditure during the summer of 2023, early indications suggest a possible decline in consumer activity, signaling forthcoming challenges for retailers.
In this on-demand webinar, Danielle analyzes trends in consumer confidence, spending intentions, and high-frequency retail sales data to determine consumer mindset heading into the holiday shopping season. She also looks at the strength and resiliency of the labor market and its impact on consumer pullback in spending.
The on-demand webinar expounds on the following:
Consumer confidence: What does lower confidence in September across cohorts mean for the economy?
Consumer spending: How do 90-day consumer spending plans correlate to real consumer spending?
Retail sales: Which retail segments are most impacted by consumer shifts, and what does your business need to monitor?
Watch the on-demand webinar to learn more.
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.