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"The fundamentals for consumer spending remain stable," said
The Index, which comprises four components -- tax burden, initial unemployment claims, real wages and real home prices – ticked down slightly to 3.9 from 4.0 last month.
"While businesses may be inclined to play it safe with regard to their investment strategies, the time may be right to make a strategic play now," said
Highlights of the Index include:
Tax Burden: The tax rate stayed at 11.8 percent, consistent with recent months.
Initial Unemployment Claims: The four-week moving averageof initial unemployment claimsfell to 332,600, a seven percent decrease from the previous month.
Real Wages: Real hourly wages moved up 0.2 percent to
Real New Home Prices: New home prices dipped 2.3 percent to
About Deloitte's Retail & Distribution Practice
Deloitte is a leading presence in the retail and distribution industry, providing audit, consulting, risk management, financial advisory and tax services to more than 80 percent of the Fortune 500 retailers. With more than 1,400 professionals, Deloitte's retail & distribution practice provides insights, services and solutions assisting retailers across all major subsectors including apparel, grocery, food and drug, wholesale and distribution and online. For more information about Deloitte's retail & distribution sector, please visit www.deloitte.com/us/retail-distribution.
As used in this document, "Deloitte" means
[i] The Deloitte Consumer Spending Index is a proprietary methodology that analyzes economic factors to gauge consumer cash flow as an indicator of future spending. Deloitte's analysis includes data from the