- 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.
For further details see:
Americans Are Super-Gloomy About Holiday Spending, But Industry Ramps Up For Blockbuster Christmas