Potential consumer pullback in the fall months could lead to a bumpy end of year
U.S. Economic Outlook Report: October 2023
In the October U.S. Economic Outlook, Principal Economist and Director of Analytics at Prevedere, Danielle Marceau, dives into the current market situation and consumer behavior trends.
After a robust summer of consumer spending, consumers’ confidence may shift to lower levels. Headwinds may hinder the consumer’s ability to spend during the final few months of the year.
This report focuses on how consumer expectations translate into consumer spend and associated areas of pullback. The report dives deeper into:
Which consumers are decreasing their spend
Consumer spending expectations as a leading indicator for actual spend
Categories consumers are planning to reduce spending on
Download the report 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.