JAPAN GOVT. DOWNGRADED ECONOMIC ASSESSMENT AS CONSUMPTION DAMPENS

Highlights –

• Japan govt. downgraded economic assessment as consumption dampens.
• The extended state of emergency over the coronavirus pandemic has led to the downgrade assessment.
•  Private consumption in April has shown a weak ton...

REPORT: CONSUMER SPENDING HIT AGAIN AS COVID-19 LOCKDOWN CONTINUES IN UK

Highlights:

• The consumer spending in United Kingdom has been hit again as the covid-19 lockdown continues
• The consumer spending the United Kingdom had been 13.8 percent lower than it was in the year 2020

On Tuesday, Barclaycard, whic...

JAPAN’S CONSUMER SPENDING IS EXPECTED TO FALL BY $19.3 BILLION

Highlights –

• Japan’s consumer spending is expected to fall by $19.3 billion.
• The loss would correspond to 0.40 percent of Japan's annual GDP in nominal terms.
• Japan's government has imposed a state of emergency in 11 pre...

U.S. CONSUMER SPENDING WENT DOWN BY 0.4% IN NOVEMBER

Highlights

• According to the U.S. Commerce Department report released on Wednesday, this slump in consumer spending in the November comes after a gain of 0.3 percent in October

• Last time consumer spending went down was in the month of April, when the fall was 12.7...

U.S. CONSUMER SPENDING WENT UP BY 1.4 PERCENT IN SEPTEMBER

Highlights

• After U.S. GDP surged record 33 percent in the third quarter, highest since 1947, U.S. consumers increased their spending by 1.4 percent in September

• According to the Commerce Department, the U.S. gross domestic product rebounded at a 33.1 percent annu...

HOUSEHOLD SPENDING IN JULY REPORTEDLY DROPS BY 7.6% IN JAPAN

Highlights –

• Household spending in July reportedly drops by 7.6% in Japan.
• The average spending in a household with two or more people stood at $2,510.
• The average monthly income of salaried households however increased by 9.2 percent...

JPMORGAN: ECONOMIC RECOVERY HAS BEEN NEUTRAL SINCE MID-JUNE

Highlights

• Their chart reflects spending has been roughly 10% or more below its 2019 levels
• It has been for over a month after rising sharply from late-March and early April

The consumer spending data from JPMorgan provide insights o...

OVERALL ASSESSMENT OF JAPAN’S REGIONAL ECONOMIES SHOW SIGNS OF RECOVERY

Highlights –

• Overall assessment of Japan’s regional economies show signs of recovery.
• The finance ministry upgraded individual assessments for all 11 regions.
• In late May the government fully lifted a state of emergency over th...

How secure is the Indian economy’s consumer spending?

The global situations have changed drastically in the year 2019, and the world has changed in significant parts, and even the strongest of the economies have been facing some major issues like the instance of China, which was the fastest-growing economy, but this year even it has slowed down. The...