JHMC - Americans Are Super-Gloomy About Holiday Spending But Industry Ramps Up For Blockbuster Christmas

October, 28 2020 07:43 AM John Hancock Multifactor Consumer Discretionary

This 5% decline in consumer spending intentions for the holidays is in stark contrast to the 4% increase that the National Retail Federation found a year ago in its October 2019 survey.
If consumer spending intentions on gifts translate into some sort of reality, total retail spending may rise only 2% from a year ago.
Looking back at its prior October-and-November survey pairs, Gallup found that spending intentions declined from the October survey to the November survey in 10 out of the past 13 years.

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Company Name:	John Hancock Multifactor Consumer Discretionary
Stock Symbol:	JHMC
Market:	NYSE