Page 2 - Consumer Spending
BNPL credit facility used without caution can lead to a debt trap
Understand all the attendant costs of this facility; delayed repayment will hit your credit score
 "BNPL credit facility used without caution can lead to a debt trap")
Electronics firms to extend production cuts till August amid low demand
Consumer electronics inventory has piled up as consumers are holding back their discretionary spending, a report said
 "Electronics firms to extend production cuts till August amid low demand")
Despite biting inflation, analysts bullish on retail stocks for long haul
Analysts believe that the Indian retail sector is on the 'cusp of accelerated earnings growth' as consumer sentiment, and discretionary purchases bounce back from Covid-19 pandemic
 "Despite biting inflation, analysts bullish on retail stocks for long haul")
US economy contracts 1.6% in first quarter amid record trade deficit
The US economy grew at a robust 6.9% pace in the fourth quarter
 "US economy contracts 1.6% in first quarter amid record trade deficit")
As inflation soars, Indians cut down spending on clothing and fuel: Survey
A majority of urban Indians said their cost of living went up to some extent as compared to a year ago, stated the survey conducted by YouGov
 "As inflation soars, Indians cut down spending on clothing and fuel: Survey")
ITC FMCG business' annual consumer spend over Rs 24,000 cr in FY22
ITC, which owns brands like Aashirvaad, Bingo, Classmate, Savlon and YiPPee, "remains focused on rapidly scaling up the FMCG biz anchored on strong growth platforms and a future-ready portfolio".
 "ITC FMCG business' annual consumer spend over Rs 24,000 cr in FY22")
Dollar slides for second week as traders adjust US Fed rate hike views
The dollar index, which measures the safe-haven currency against a basket of six other major currencies, fell as low as 101.43, its weakest since April 25.
 "Dollar slides for second week as traders adjust US Fed rate hike views")
Equities rise, yields fall after data shows US inflation may have peaked
Consumer spending, which accounts for more than two-thirds of US economic activity, increased 0.9% last month, and although inflation continued to increase in April, it was less than in recent months
 "Equities rise, yields fall after data shows US inflation may have peaked")
US economy contracted by 1.5% in Q1, but consumers kept spending
Last quarter's drop in the US gross domestic product the broadest gauge of economic output does not likely signal the start of a recession.
 "US economy contracted by 1.5% in Q1, but consumers kept spending")
Consumers show cautious optimism; hold non-discretionary spends: Report
Indian consumers are showing cautious optimism and balancing non-discretionary spending as they are saving more for the future, according to a report.
 "Consumers show cautious optimism; hold non-discretionary spends: Report")
Financial immunity gains currency in post-pandemic world: Survey
Post the first year of the pandemic, people are spending less on discretionary items, and they are majorly renewing their health and life insurance policies
 "Financial immunity gains currency in post-pandemic world: Survey")
Global consumer spending on mobile apps hits $170 billion in 2021
The global consumer spending on mobile apps across iOS, Google Play and third-party Android app stores in China reached $170 billion in 2021
 "Global consumer spending on mobile apps hits $170 billion in 2021")
Consumer spend on Apple, Google app stores to hit $133 bn in 2021
The global consumer spending on Apple App Store and Google Play Store is set to reach $133 billion in 2021, a 19.7 per cent (on-year) growth from $111.1 billion in 2020, a new report has said.
 "Consumer spend on Apple, Google app stores to hit $133 bn in 2021")
Indian consumers spend to live in the moment despite inflation heat: Survey
Despite global inflationary concerns, Indians are looking forward to having a balanced life with plans to spend on luxuries such as personal care, clothing, vehicle, leisure travel and air travels
 "Indian consumers spend to live in the moment despite inflation heat: Survey")
Top lenders fuel higher consumer spending in India with easy credit
HDFC Bank's retail loans surged 12.9% in the three months ended September from a year earlier, the lender's first double-digit growth in such loans since the onslaught of the pandemic
 "Top lenders fuel higher consumer spending in India with easy credit")
India seeing consumption revival; spending on discretionary increasing
Indians are slowly making their way back to the office and is witnessing a consumption revival in the country with spending intent shifting towards more discretionary items
 "India seeing consumption revival; spending on discretionary increasing")
Lipstick effect or pent-up demand? Consumption-driven stocks fly high
For the coming few months, analysts expect the Indian consumers to forego big ticket retail purchases and opt for reasonably priced indulgences
 "Lipstick effect or pent-up demand? Consumption-driven stocks fly high")
Consumer confidence rally in Sep shows 2% points upswing: Survey
For the consumer confidence survey, a sample of 500 adults from Ipsos' India online panel aged 16-64 was interviewed online.
 "Consumer confidence rally in Sep shows 2% points upswing: Survey")
United States consumer sentiment remains depressed in late august
If the slide in confidence translates to a pullback in spending, economic growth may decelerate further in the coming months.
 "United States consumer sentiment remains depressed in late august")
Downbeat Indian consumers withhold spending amid pandemic, says RBI survey
The latest survey came as the RBI's Monetary Policy Committee kept interest rates unchanged at a record-low
 "Downbeat Indian consumers withhold spending amid pandemic, says RBI survey")
