Search For "consumer spending"
Consumer staple demand recovers in rural areas, urban areas witness slowdo
Updated : 1 year, 3 months ago IST
This divergence reflects the varied impact of inflation and income dynamics on consumer spending patterns. The slowdown in urban demand was particularly pronounced in specific categories, channels, and consumer segments.
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India's card payments market set to surge 11.3 pc in 2024, reaching Rs 28.
Updated : 1 year, 7 months ago IST
GlobalData's Payment Cards Analytics reveals an upward trend in card payments in India. The market saw a remarkable 27.1 per cent increase in card payment value in 2022, fueled by a surge in consumer spending.
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With moderation in inflation India will see higher consumer spending: Fitc
Updated : 1 year, 8 months ago IST
The rating agency has elevated India's growth forecast by 20 basis point to 7.2 per cent for fiscal year 2024-25. Earlier in March Fitch has forecasted India's growth at 7 per cent.
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Home to half of the world's top 10 trending tourism destinations, Asia Pac
Updated : 1 year, 10 months ago IST
Singapore, May 16: The global travel sector is breaking boundaries in 2024 as consumer spending on tourism remains robust and passenger traffic soars, according to the latest report from the Mastercard Economics Institute (MEI). Released today, the MEI's fifth annual report, "Travel Trends 2
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Neutral outlook for APAC transport infrastructure as demand remains resili
Updated : 2 years, 2 months ago IST
According to Fitch Ratings, despite looming headwinds such as surges in fuel prices and high-interest rates, Fitch Ratings anticipates the essential nature of transportation facilities and resilient consumer spending to mitigate negative impacts on traffic.
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China's economic confidence plummets as domestic crises mount
Updated : 2 years, 5 months ago IST
In the midst of these economic challenges, a crisis of confidence is emerging, with growing doubt about the Chinese economy's future.
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China strives to increase consumer spending as factory sector continues to
Updated : 2 years, 7 months ago IST
China's GDP expanded by only 0.8 per cent in the second quarter of this year, a sharp decline from the meagre 2.2 per cent growth it had in the first three months of 2023. According to CNN, there has been a decline in consumer spending, a decline in the property market, and an increase in th
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Royal Star's launch of exceptional mobile accessories garners attention in
Updated : 2 years, 7 months ago IST
New Delhi [India], August 1: Amidst the challenges faced by the Indian mobile accessories industry due to the pandemic and a global shortage of components, consumer spending on such accessories experienced a slowdown. However, a recent boom is now being observed, driven by consumers seeking
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Germany falls into recession as consumers spend less: Report
Updated : 2 years, 9 months ago IST
Europe's largest economy's output dropped 0.3 per cent in the first three months of the year, following a 0.5 per cent contraction at the end of 2022, official data showed on Thursday.
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Warren Buffett's Berkshire Hathaway posts sixfold jump in its quarterly ea
Updated : 2 years, 10 months ago IST
With its breadth of businesses, Buffett's company is often regarded as a proxy of the American economy, and its results reflected some of the major trends of the moment, including the war in Ukraine, higher interest rates and fuel prices and a drop-off in consumer spending.
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China's economic growth declines amid unrealistic goals
Updated : 2 years, 11 months ago IST
China's unrealistic goals are hurting its economic growth prospects and it has backed off its yearly economic growth target resulting in pummelled consumer spending, manufacturing and trade.
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Revenue of organised gold jewellery retailers to rise 23-25 pc in 2022-23:
Updated : 3 years, 2 months ago IST
Revenue of organised gold jewellery retailers, which had spurted 36 per cent last fiscal on a low base of the pandemic-induced financial year, is expected to grow 23-25 per cent in 2023 largely due to pent-up demand and recovery in discretionary consumer spending, said rating agency CRISIL.
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