Tag #Consumer Spending

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edition.cnn.com

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May 15, 07:12

US Consumer Spending Shifts Amidst Economic Uncertainty and Tariffs

A KPMG survey of 2,500 US adults from April 3-23, 2024, reveals that economic uncertainty and tariffs are prompting consumers to delay major purchases and adopt cost-saving measures, with 68% unwilling to take on more debt, 43% delaying car purchases due to tariffs, and 70% switching to free streami...

US Consumer Spending Shifts Amidst Economic Uncertainty and Tariffs

A KPMG survey of 2,500 US adults from April 3-23, 2024, reveals that economic uncertainty and tariffs are prompting consumers to delay major purchases and adopt cost-saving measures, with 68% unwilling to take on more debt, 43% delaying car purchases due to tariffs, and 70% switching to free streami...

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What is the immediate impact of economic uncertainty and tariffs on American consumer spending?

A new KPMG survey reveals that 68% of American consumers are unwilling to take on more debt, significantly impacting spending habits. This reluctance is causing delays in major purchases like cars (43% delayed due to tariffs) and a shift towards cost-saving measures, such as free ad-supported streaming services (70%). The survey, conducted between April 3 and 23, reflects consumer adaptation to economic uncertainty stemming from tariffs and inflation.

mk.ru

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May 15, 19:11

Record High Overdue Credit Card Payments in Russia

As of early 2025, 2.35 million Russians have credit card debt overdue by more than 30 days, projected to reach 3.8 million by July, due to rapid credit card portfolio growth from 2021-2024, reaching almost 4.4 trillion rubles, and potentially impacting consumer spending and the economy.

Record High Overdue Credit Card Payments in Russia

As of early 2025, 2.35 million Russians have credit card debt overdue by more than 30 days, projected to reach 3.8 million by July, due to rapid credit card portfolio growth from 2021-2024, reaching almost 4.4 trillion rubles, and potentially impacting consumer spending and the economy.

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What is the immediate impact of the rising number of overdue credit card payments in Russia?

By early 2025, 2.35 million Russians had credit card debt overdue by more than 30 days. This is projected to reach 3.8 million by July if the trend continues, a historical high. This increase is partly due to the rapid growth of credit card portfolios in recent years.

africa.chinadaily.com.cn

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May 14, 10:10

China's Vehicle Subsidy Programs Boost Economic Activity

As of May 11, 2025, China received 3.23 million vehicle renewal subsidy applications and over 10 million trade-in subsidy applications since the program's 2024 launch, boosting consumer spending and economic recovery, with regional variations in implementation strategies.

China's Vehicle Subsidy Programs Boost Economic Activity

As of May 11, 2025, China received 3.23 million vehicle renewal subsidy applications and over 10 million trade-in subsidy applications since the program's 2024 launch, boosting consumer spending and economic recovery, with regional variations in implementation strategies.

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What is the impact of China's vehicle renewal and trade-in subsidy programs on consumer spending and economic activity?

By May 11, 2025, approximately 3.23 million applications for vehicle renewal subsidies were received in China, exceeding 10 million for vehicle trade-in subsidies since the policy's 2024 launch. This demonstrates significant consumer participation in government incentive programs aimed at boosting economic activity.

china.org.cn

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May 13, 13:15

Surge in Foreign Tourist Spending Fuels China's Shopping Boom

During China's May Day holiday, foreign tourist arrivals surged 43.1 percent year-on-year to 1.12 million, driven by the popularity of "China tours" on social media, resulting in a 211.6 percent increase in foreign spending in Shanghai alone, reaching 455 million yuan (about 63.2 million USD).

Surge in Foreign Tourist Spending Fuels China's Shopping Boom

During China's May Day holiday, foreign tourist arrivals surged 43.1 percent year-on-year to 1.12 million, driven by the popularity of "China tours" on social media, resulting in a 211.6 percent increase in foreign spending in Shanghai alone, reaching 455 million yuan (about 63.2 million USD).

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How have changes in visa policies and tax refund procedures contributed to the growth of shopping tourism in China?

The "tourism plus shopping" model is gaining traction, with foreign tourists increasingly drawn to local supermarkets, trendy cultural products, and specialty foods. This shift in preferences is evident in the increased spending on items with cultural significance, such as silk products, ceramics, and traditional Chinese clothing, alongside smart products. The relaxed visa policies, particularly the 240-hour visa-free transit program, have significantly contributed to this trend, boosting foreign arrivals by 40.2 percent.

cbsnews.com

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May 13, 13:16

US Trade Deals Lower Tariffs, But Consumer Impact Varies

New U.S. trade deals with China and the U.K. will significantly lower tariffs on numerous goods, while some goods from Canada and Mexico still face a 25% tariff, prompting consumers to seek sales, consider product origins and purchase domestic products to mitigate price increases.

US Trade Deals Lower Tariffs, But Consumer Impact Varies

New U.S. trade deals with China and the U.K. will significantly lower tariffs on numerous goods, while some goods from Canada and Mexico still face a 25% tariff, prompting consumers to seek sales, consider product origins and purchase domestic products to mitigate price increases.

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How do the new tariffs affect different product categories, and what factors determine the level of price increases?

These tariff changes impact consumer goods; electronics and toys, largely imported from China, face the most significant price increases. Conversely, domestically produced goods like toilet paper and certain produce are less affected. The impact varies depending on origin and USMCA compliance.

npr.org

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May 11, 04:09

Reduced Chinese Consumer Spending Challenges Economic Growth Amidst US Tariffs

Amidst President Trump's tariffs and China's economic slowdown, Chinese consumers are cutting back on spending, prioritizing savings and essential purchases over luxury items and discretionary spending, posing a significant challenge to the government's economic growth targets.

Reduced Chinese Consumer Spending Challenges Economic Growth Amidst US Tariffs

Amidst President Trump's tariffs and China's economic slowdown, Chinese consumers are cutting back on spending, prioritizing savings and essential purchases over luxury items and discretionary spending, posing a significant challenge to the government's economic growth targets.

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How do the responses of individual Chinese consumers reflect the broader economic challenges and government policies?

The decreased consumer spending in China is directly linked to factors like job losses in sectors such as real estate and reduced confidence in the economy's future. This trend contrasts with the government's aim to boost economic growth through increased consumption, highlighting the complex interplay between individual financial anxieties and broader economic policies. The situation underscores the vulnerability of China's economy to both internal and external pressures.

cnn.com

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May 15, 10:11

US Consumer Spending Slows Amidst Tariffs and Economic Uncertainty

A KPMG survey of 2,500 US adults from April 3-23, 2024, found that 68% want no more debt, 43% will delay car purchases due to tariffs, and 70% will use free streaming. This reflects adaptation to economic uncertainty from inflation and Trump's tariffs.

US Consumer Spending Slows Amidst Tariffs and Economic Uncertainty

A KPMG survey of 2,500 US adults from April 3-23, 2024, found that 68% want no more debt, 43% will delay car purchases due to tariffs, and 70% will use free streaming. This reflects adaptation to economic uncertainty from inflation and Trump's tariffs.

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How are consumer spending patterns evolving as a response to economic uncertainty and the rising cost of living?

The survey, conducted between April 3 and 23, reflects consumer adaptation to economic pressures. Consumers are actively seeking cost control measures, switching providers and delaying major purchases to avoid debt accumulation, indicating a shift in spending habits compared to the pandemic response.

us.cnn.com

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May 14, 13:14

US Cuts Tariffs on Chinese Imports, but Higher Prices Remain for Consumers

The US reduced tariffs on small packages from China, lowering rates from 120% to 54% for postal services and 145% to 30% for commercial carriers; however, the changes still leave many consumers facing higher prices and longer wait times for goods from e-commerce platforms such as Shein and Temu, wit...

US Cuts Tariffs on Chinese Imports, but Higher Prices Remain for Consumers

The US reduced tariffs on small packages from China, lowering rates from 120% to 54% for postal services and 145% to 30% for commercial carriers; however, the changes still leave many consumers facing higher prices and longer wait times for goods from e-commerce platforms such as Shein and Temu, wit...

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What is the immediate impact of the reduced, but still substantial, tariffs on "de minimis" packages from China on US consumers?

US tariffs on "de minimis" packages (valued at $800 or less) from China have been reduced from 120% to 54% for postal services and from 145% to 30% for commercial carriers. This follows a previous increase and subsequent expiration of the tariff exemption, causing price increases and delivery delays for consumers who rely on affordable goods from Chinese e-commerce sites like Shein and Temu. The changes aim to balance trade relations with China while addressing concerns about illicit goods.

usa.chinadaily.com.cn

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May 14, 10:10

China's Vehicle Trade-in Subsidies Boost Consumer Spending

As of May 11, 2025, China's vehicle renewal subsidy applications reached 3.23 million, exceeding 10 million for trade-in subsidies since the 2024 policy launch; regional programs, such as Hunan's, show significant success in boosting consumer spending and economic recovery.

China's Vehicle Trade-in Subsidies Boost Consumer Spending

As of May 11, 2025, China's vehicle renewal subsidy applications reached 3.23 million, exceeding 10 million for trade-in subsidies since the 2024 policy launch; regional programs, such as Hunan's, show significant success in boosting consumer spending and economic recovery.

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How have regional variations in policy implementation influenced the success of China's vehicle trade-in programs?

China's vehicle trade-in and renewal subsidy programs, launched in 2024, have spurred significant consumer spending. Hunan province, for example, saw over 4.58 million subsidy applications totaling 3.95 billion yuan by May 6, 2025, boosting consumer goods sales over 30.6 billion yuan. This success reflects broader national efforts to revitalize consumption.

dailymail.co.uk

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May 13, 19:13

Wickes Group's Strong Q1 Results Drive 8.5% Share Price Surge

Wickes Group reported a strong start to its financial year, with turnover increasing by 6.9 percent to £553.1 million in the period from January to April 26th, 2025, due to warmer weather and volume-led demand; its share price increased by 8.5 percent.

Wickes Group's Strong Q1 Results Drive 8.5% Share Price Surge

Wickes Group reported a strong start to its financial year, with turnover increasing by 6.9 percent to £553.1 million in the period from January to April 26th, 2025, due to warmer weather and volume-led demand; its share price increased by 8.5 percent.

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How did the performance of Wickes' different business segments (retail, trade, design and installation) contribute to the overall results?

The growth was primarily volume-driven, with like-for-like retail revenue up 9.2 percent and price inflation near zero. This success is linked to a 14 percent increase in TradePro loyalty scheme membership, with members spending significantly more than typical customers. Market share gains in key categories such as timber, hardware, and garden further contributed to the positive results.",

forbes.com

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May 11, 13:10

Tesla's Affordable EV: A June Announcement to Counter Declining Sales

Tesla will announce a new affordable electric vehicle in June, aiming to counter declining sales and address high EV prices, a strategy prioritizing consumer demand over autonomous vehicle development, despite significant investor interest in the Robotaxi.

Tesla's Affordable EV: A June Announcement to Counter Declining Sales

Tesla will announce a new affordable electric vehicle in June, aiming to counter declining sales and address high EV prices, a strategy prioritizing consumer demand over autonomous vehicle development, despite significant investor interest in the Robotaxi.

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Affordable and Clean Energy

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How does Tesla's planned affordable vehicle address current market challenges and consumer preferences regarding electric vehicles?

The announcement of a cheaper Tesla model directly addresses the significant barrier to EV adoption: high cost. This strategy contrasts with the focus on autonomous driving technology, which current market research indicates is a lower priority for consumers. Tesla's declining Model 3 sales and brand loyalty highlight the urgency of this market response.

spanish.china.org.cn

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May 7, 07:17

China's May Day Holiday: Record Tourism Spending Fuels Economic Growth

The five-day May Day holiday in China saw 314 million domestic trips (up 6.4%), generating 180.3 billion yuan ($25 billion) in tourist spending (up 8%), showcasing robust consumer activity and government initiatives boosting tourism and economic growth.

China's May Day Holiday: Record Tourism Spending Fuels Economic Growth

The five-day May Day holiday in China saw 314 million domestic trips (up 6.4%), generating 180.3 billion yuan ($25 billion) in tourist spending (up 8%), showcasing robust consumer activity and government initiatives boosting tourism and economic growth.

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What were the key economic impacts of the increased domestic travel during China's May Day holiday?

During the five-day May Day holiday, Chinese travelers took 314 million domestic trips, a 6.4% increase year-on-year. Tourist spending reached 180.3 billion yuan ($25 billion), up 8% year-on-year, reflecting robust consumer activity. This surge boosted transportation, tourism, and retail sectors.

Showing 25 to 36 of 279 results