KPMG UK’s Post

Record low ANZ-Roy Morgan Consumer Confidence signals a challenging time, yet amidst uncertainty, glimpses of hope emerge. Consumer certainty awaits the end of rate rises, but green shoots are appearing. Read more about industry performance from Laura Demasi, Head of Retail, Social & Consumer Trends at Roy Morgan here: https://lnkd.in/eACuTAjD #ConsumerConfidence #EconomicOutlook #GreenShoots #ARARetailInsights2024

Consumer behavior is constantly changing. People weigh personal, economic and financial factors before hitting purchase. How can #retailers stay a step ahead? We'll unveil our latest Consumer Trends findings at #NRF2024 in January. Reserve your spot. https://lnkd.in/epjE2Xbs

Consumer discretionary spending is slowing EVERYWHERE. Whether retail, travel, or entertainment, the data is clear: consumers are tightening their belts. This trend has been reflected in recent earnings reports from major retailers and service providers, signaling a shift in consumer behavior amid more economic uncertainty. While this trend might seem concerning, it also presents an opportunity to revisit your financial plan. Are your investment strategies aligned with the current economic landscape? Remember interest rate cuts alone are not a quick fix. Historically, markets often experience a run-up in asset prices in anticipation of monetary policy shifts. Now could be a good time to consider reallocating assets to sectors that may be more resilient in a slower-growth environment. #slowdown #consumer #economy #fed #interestrates #economicgrowth

Will a positive consumer sentiment at the end of 2023 carry in 2024 and could this help to increase freight demand? My colleagues Randy Burt, Brett Meyer and Ben Roers, MBA share their thoughts on consumer sentiment trends so far this year in the article below.

🎄 Is it too early to talk about Christmas? Consumers say they are looking to spend more than they did last year. 📈 Our latest #ConsumerSentiment Survey reveals some positive news for retailers and travel operators. Lisa Hooker, Kien Tan and Jacqueline Windsor discuss spending behaviours across different consumer groups and how businesses can position themselves for success as we head towards the golden quarter. 🛍️⬇️ #IndustryInFocus #RetailTrends

👨👩👧👦 Have you seen our latest PwC UK Consumer Sentiment findings? We undertook our latest quarterly survey just after the General Election, and found another improvement in #confidence (https://pwc.to/4dm5LkO) 📈 #ConsumerSentiment is well above the long-run average, with consumers responding to lower inflation, NI cuts, and wage and benefit increases, and with spending intentions across all categories now better than at any point in the last 3 years 🛍️ How should #retail and #consumer businesses take advantage of this uptick in sentiment, and does that necessarily mean good news for retailers in the run up to Christmas? Watch the one minute video with my colleagues Lisa & Jacqueline in the post below to find out what we think... 🎧 ...or if you prefer to listen to a pod, here's my 10 minute interview on BBC Radio 4's You & Yours last week: https://lnkd.in/ewJQqUkV 👉 ...and you can find our full report and all the findings right here on the website: https://pwc.to/4dm5LkO #IndustryInFocus

Some interesting thoughts from our CIO.

The CDO TIMES economic outlook for digital leaders and consumer spending in 2024 In the ever-evolving landscape of global economics, understanding the interplay between market trends, consumer behavior, and fiscal policies is crucial for C-level executives shaping their strategies for the coming year. The National Retail Federation's (NRF) #consumerspending #economyoutlook #NRF2024 #recovery https://bit.ly/3wf1I9q

The CDO TIMES economic outlook for digital leaders and consumer spending in 2024 In the ever-evolving landscape of global economics, understanding the interplay between market trends, consumer behavior, and fiscal policies is crucial for C-level executives shaping their strategies for the coming year. The National Retail Federation's (NRF) #consumerspending #economyoutlook #NRF2024 #recovery https://bit.ly/3wf1I9q

We conducted a global survey to examine the evolving #ConsumerTrends for the coming year. Our findings show that 52% of consumers are extremely concerned about their personal finances compared to 61% last year. But how does this influence their expectations and purchasing behaviors? Unpack the insights from our report to find out 📦bit.ly/3U0czhn Our experts: Tim Bridges, Lindsey Mazza, Kees Jacobs, Owen McCabe, Bhavesh Unadkat, Sumit Cherian #ConsumerBehavior