The Index of Consumer Spending surges in the second quarter of 2024
ICS surged in the second quarter on the back of a long-awaited interest rate cut and strong population and employment growth.
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RCC Insights- Consumers have pulled back into what one retailer has described publicly as a "discretionary recession"
The following commentary is an excerpt of the report covering the period of December 2023-February 2024.
ICS follows similar seasonal trends in Q1 2024 but averages higher year-over-year
A weakening labour market is expected to apply downward pressure on consumer spending
Household Spending Edges Lower in the Final Quarter of 2023
As part of our latest partnership with the Conference Board of Canada we are pleased to present the following authoritative insights from their Index of Consumer Spending (ICS) which has been Powered by Moneris® Data Services.
RCC- Highlights from September 2023 through November 2023
As retailers turn their minds to 2024, almost all retailers were flat-to-up in terms of Year-Over-Year sales, encouraged by the estimated $ 30 billion in spending by the 1.5 million new Canadians as they get settled across Canada.
Household spending slightly improved but is still well below where it was the same time last year
As part of our latest partnership with the Conference Board of Canada we are pleased to present the following authoritative insights from their Index of Consumer Spending (ICS) which has been Powered by Moneris® Data Services.
The Shifting Spend Priorities of Canadian Consumers 2023- RCC input, Retail Conditions (June-September)
Retail Council of Canada (RCC) and Moneris Data Services have teamed up to provide the retail industry with Canadian credit and debit spending data and consumer insights that will help the industry more easily identify consumer behaviour and spending trends at the national and provincial levels.
Whatever you make, let's make it together - in‑store, online and on-the-go.
Explore OffersThe Shifting Spend Priorities of Canadian Consumers 2023
In partnership with Moneris® Data Services, the Angus Reid Group conducted an online survey among a representative sample of n=1,508 adult Canadians.
Household spending diminishes, ending consecutive quarters of moderation
As part of our latest partnership with the Conference Board of Canada we are pleased to present the following authoritative insights from their Index of Consumer Spending (ICS) which has been Powered by Moneris® Data Services.
RCC Canadians Continue to Spend Their Hard-earned Dollars on Various Goods and Services
This Spring 2023 report is our first edition where retailers do not have to report unusual COVID-era year-over-year numbers and parse out the signal from the noise or compare to extraordinary pandemic shopping numbers.
Households remain resilient but for how much longer?
As part of our latest partnership with the Conference Board of Canada we are pleased to present the following authoritative insights from their Index of Consumer Spending (ICS) which has been Powered by Moneris® Data Services.