Consumer Spending Forecast 2021 Deloitte Insights Deloitte forecasts consumer spending to grow by 8.1% in 2021 after a 3.8% contraction last year. over 2022–2026, services spending is likely to drive overall consumer spending growth even as spending on durable goods edges back to trend levels. fear of covid 19 and the economic impact of the pandemic were enough to keep a strong lid on. Consumer spending trends after covid 19.
Consumer Spending Forecast 2021 Deloitte Insights Consumer spending to rise 8.1% this year and by 3.0% in 2022. aided by vaccinations and a stable economic recovery, we forecast consumer spending to expand by 8.1% this year and by 3.0% in 2022, a sharp change from the 3.9% contraction in 2020. spending growth is likely to decline after that until 2026, which is the end of our forecast period. Consumer spending bea data. State of the us consumer: may 2024. Us inflation grew to nearly 8.5 percent in march 2022, with the may 2021 to march 2022 period showing the highest inflation in a decade. yet, us consumers spent 18 percent more in march 2022 than they did two years earlier, and 12 percent more than they were forecast to spend based on the pre covid 19 trajectory.
Consumer Spending Forecast 2021 Deloitte Insights State of the us consumer: may 2024. Us inflation grew to nearly 8.5 percent in march 2022, with the may 2021 to march 2022 period showing the highest inflation in a decade. yet, us consumers spent 18 percent more in march 2022 than they did two years earlier, and 12 percent more than they were forecast to spend based on the pre covid 19 trajectory. Goods spending fell 2.1% in july. spending on services rose 0.6% in august, supported by housing, utilities and health care. services, which account for the bulk of consumer spending, increased 1. Consumer spending on services excluding restaurants rose a good 0.5% in june, the latest month for which data are available, following moderate 0.4% increases in april and may. while spending on.