Deep Dive 7 minutes PremiumUS, UK, EU & China Quarterly Economic Update, 2Q23: Consumer Spending Growth Weakens in Many Countries Despite Easing Inflation Royce Baretto, Analyst Sector Lead: John Harmon, CFA, Associate Director of Technology Research September 1, 2023 What's InsideThe Coresight Research Quarterly Economic Update discusses macroeconomic indicators—GDP, consumer spending and inflation—from the US, the UK, the EU (European Union) and China. In this report, we look at the second quarter of 2023 (2Q23), using the latest data available as of August 24, 2023. Data in this report include: GDP—quarter-over-quarter changes in the US, the UK, France, Germany, the EU and China Consumer spending—quarter-over-quarter changes in US seasonally adjusted personal consumption expenditure, UK real household final consumption expenditure and real final consumption expenditure in France and Germany Inflation—three-month averages for US CPI annual rates, UK CPIH annual rates and annual inflation rates in the EU, France, Germany and China Other relevant research: The previous report in the series: US, UK, EU & China Quarterly Economic Update, 1Q23: Stronger Economic Indicators Lead to Higher Consumer Spending in the US and UK Our monthly reports keep you up to date on retail sales (in total and by sector) and key consumer indicators, focusing on China, the UK and the US. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Weinswig’s Weekly: Introducing Temu, the New Entrant in US E-CommerceGlobal Luxury—Retail 2024 Sector Outlook: Emerging Markets and Young Shoppers To Drive Growth2023 US Tax Tracker #2: IRS Issues $127.3 Billion in Refunds, Number of Returns Up by 10.6%Market Navigator: US Retail and E-Commerce—Uncovering Opportunities in a Changing Landscape