News & Insights
Covid-19’s Impact on Consumer Spending Continues into 2021
In the 5 weeks following Holiday 2020, retail credit and debit card sales were up about 20% year over year (YoY). By comparison, post-Holiday 2019 only grew by about 10%. So what is driving this post-Holiday 2020 growth for retail? Online sales during...
A Holiday Unlike Any Other – Changes in Consumer Spending Behavior
The week of Christmas 2020 looked a lot different than 2019. The coronavirus pandemic and government recommendations not to travel or gather with friends and family put a damper on traditions. Covid-19's rapid spread impacted consumer spending patterns as well....
Did State Reopenings Increase Consumer Spending? NY Fed Analysis
Commerce Signals Consumer Spending Data Used in Analysis by Federal Reserve Bank of New York The following excerpt is from a recently published article from the Federal Reserve Bank of New York. Their comprehensive analysis is refreshingly apolitical. Here's a link to...
6 Companies That Won Market Share This Summer
With total consumer card spending down 2% from Memorial Day to Labor Day, most companies needed to take share from competitors to even partially offset category spending declines. That’s a tall order when faced with all of the operational and personal challenges...
Latest Consumer Spending Trends
Consumer Spending Overall and By State Consumer card spending nationally was still 3.1% behind 2019 over the most recent four weeks of available data (6/21/20 – 7/18/20), but the results vary widely by state. Where COVID-19 cases have surged, sales remain further...
Consumer Spending Data by Industry in the COVID-19 Pandemic
Total U.S. consumer spending was down 11% in March due to the impact of COVID-19, but some consumer categories felt the impact far more than others. Airline purchases, for example, were down 67% in March. Others, like grocery, drug and mass discount retailers, climbed...