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Consumer confidence hits new low
Consumer confidence in January fell to its lowest point since November 2011, according to the Conference Board.
The Conference Board’s index decreased to 58.6, down from a revised 66.7 in December. The figure was lower than forecast; Bloomberg predicted a median of 64.
The drop in confidence coincides with the 2% payroll tax increase used to fund Social Security.
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Future consumer trends include emphasis on human services and artisan goods
Chicago -- Automation and mass production will continue to make life easier in the years ahead, but consumers and companies will react by valuing – and promoting – human services and artisan goods. That’s one of the key trends research firm Mintel predicts will be impacting consumer behavior in the next five to 10 years.
As part of its lunch of Mintel Futures, a new program designed to forecast long-term industry trends, Mintel identified six key trends affecting the global consumer market in the near future: