- Economic insight by Frank Badillo - https://www.frankbadillo.com -

Homegoods will buck letup in confidence to spend

spending confidence trends
Overall consumer confidence to spend continues to move sideways, but the homegoods category will be the exception benefiting from improved spending plans from Millennials to Boomers.

That’s the takeaway from the latest spending confidence data through February. The data otherwise support signs that post-holiday spending will return to a less robust pace in other retail categories. See more about recent spending trends here.

Outside of homegoods, Millennials showed a modest uptick in confidence to spend over the next 90 days—although they have struggled to sustain an improving trend in their spending plans in recent months.

Here is more on what the confidence trends suggest by category and generation:

These are among the takeaways from data through February from the Spending Confidence Index™, which is the proprietary index of consumer sentiment created by MacroSavvy™ based on data from Prosper Insights and Analytics™.

For more background about the Spending Confidence Index™ and its components, the white paper at this link explains why the new index is an improvement over existing measures of confidence.

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