Total back to school spend expected to dip from last year’s level despite higher average per-person spend as fewer families report having school-age children.
We continue our weekly coverage of the US-China tariff issue with a focus on recent developments in agriculture.
In May, US wage growth softened a little, as did inflation; UK retail sales were weak; and China retail sales growth picked up to 8.6%, but inflation was high in food.
The BRI is an ambitious initiative to transform the trade landscape from China to Europe via Asia and Africa. We see progress in terms of policy coordination, facility connectivity, trade and financial integration. However, there are also political and financial concerns.
US consumer confidence appears to have peaked and spending preferences are still directed at home improvement, but the growth rate of spending on home improvement is expected to slow.
Each month, we round up key metrics that reflect consumer demand in the US, the UK and China. In these updates, we focus on direct, leading indicators of the health of the consumer economy: wage growth, price changes and retail sales growth.
This week, we look at China’s slowing economic growth.
China’s new tech board with its relaxed IPO rules will likely draw more domestic tech startups to go public at home. The move is part of China’s effort to develop its tech sector and boost economic growth in general.
This report outlines the current landscape of the $114B US furniture and home furnishing industry, the changing behavior of the US consumer (including millennials), and profiles retailers that have innovated with new business models, technology and operational strategies.
At the second Belt and Road Forum, China’s president Xi sought to emphasize the country’s desire to open to the outside world, and listed outcomes of the Belt and Road Initiative.
US GDP increased by an annual seasonally adjusted rate of 3.2% in the first quarter of 2019, versus 2.2% in the fourth quarter of 2018. GDP in China increased 6.4% year over year in the first quarter of 2019, the same as the previous quarter.
The latest development of increasing tariffs for Chinese goods adds uncertainty to US-China trade negotiations, although it appears to be a negotiating tactic: Turning up the heat on China immediately before crucial talks.
In March, US gasoline-price deflation eased to near-zero, contributing to an uptick in overall consumer price inflation. China retail sales growth picked up pace to 8.7% year over year.
2019 Tax Tracker Week 12 — Final: Post-Tax-Day Wrap-Up — Number of Returns Up Slightly, Average Refund Down 2.0%
Following the April 15 filing deadline, the number of filings remains positive, however the total amount and average refund size trail the year-ago figures.
In our weekly series Insights from China, we examine issues that affect international brands and retailers in China. We cover areas such as policy, consumer behavior, consumer sentiment, government regulations and the competitive landscape — as they affect the business operations and future outlook.