In the November U.S. Economic Outlook, Principal Economist and Director of Analytics at Prevedere, Danielle Marceau, dives into the current market situation and consumer strength.
Even with strained finances and dwindling confidence, consumer spending is expected to continue due to a data revision in inflation-adjusted excess savings. But as consumers deplete their savings, their ability to spend will face significant headwinds.
This report discusses the external factors supporting consumer strength and the outlook for 2024 by industry, including:
- If household incomes are normalizing
- Which industries will be impacted by labor market layoffs
- The strength of consumer confidence in November
- How higher interest rates affect delinquency rates
Download the report 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.