Economy

Consumer Data Predicted Economic Slowdown and May Now Foretell Recovery
Economy
Consumer Data Predicted Economic Slowdown and May Now Foretell Recovery
February 06, 2023

If consumer perception represents economic reality, the newest signs suggest this contraction may be relatively short-lived. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Over Half of Consumers Think Inflation Will Rise This Year
Economy
Over Half of Consumers Think Inflation Will Rise This Year
February 03, 2023

PYMNTS research has found consumer inflation fears are rising as fast as the price of goods. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

US Adds 517K Jobs in January, Far Outpacing 2022’s Average
Economy
US Adds 517K Jobs in January, Far Outpacing 2022’s Average
February 03, 2023

The U.S. added 517,000 jobs in January — far above 2022’s average monthly gain of 401,000. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Dole, Food Producers Turn to Asset Sales Amid Ongoing Grocery Inflation
Economy
Dole, Food Producers Turn to Asset Sales Amid Ongoing Grocery Inflation
February 02, 2023

This week in grocery, food giants sell off major divisions and grocers take on QSRs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Inflation Forces Consumers to Rethink Smartphone, Subscription, Grocery Purchases
Economy
Inflation Forces Consumers to Rethink Smartphone, Subscription, Grocery Purchases
February 02, 2023

Maybe the customer was right all along in reacting cautiously to the news of easing inflation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Report: Record Number of Americans Dipping Into 401(k)s
Economy
Report: Record Number of Americans Dipping Into 401(k)s
February 02, 2023

With budgets growing tighter, more Americans are reportedly turning to 401(k)s in emergencies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Luxury Bakeries Thrive as Consumers Cut Bigger-Ticket Indulgences
Economy
Luxury Bakeries Thrive as Consumers Cut Bigger-Ticket Indulgences
February 01, 2023

As consumers cut major expenses, many continue to spring for small luxuries like baked goods. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

The Conference Board: Consumers’ Short-Term Outlook May Signal Coming Recession 
Economy
The Conference Board: Consumers’ Short-Term Outlook May Signal Coming Recession 
January 31, 2023

Consumer confidence dipped in January after rising in December, according to The Conference Board. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Used Car Sector Faces ‘Challenging Year’ as Consumers Cut Spending
Economy
Used Car Sector Faces ‘Challenging Year’ as Consumers Cut Spending
January 31, 2023

Inflation and an uptick in new vehicle production have dampened the market for used cars. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...