Our monthly survey tracker just wrapped up fielding today. We wanted to quickly turn around getting results out before the long weekend / travel. Please let us know if you have any questions about the report. Open Report:Bespoke – US Macro and Covid Monthly, November 2022Key Takeaways and Charts:
- Consumer expectations around inflation have moderated from series highs.
- Discretionary spending plans going forward have worsened in recent months. November was roughly unchanged vs. October.
- Consumer views toward the economy have materially worsened throughout this year.
- Consumer sentiment toward their personal finances has worsened, but we would note that self-reported income vs. 1 year ago remains net positive (albeit, less positive than earlier in the year and compared to pre-covid levels).
- Consumers have been increasingly likely in recent months to report taking on more credit card debt compared to the same time one year ago.
- Likelihood of purchasing a new home has declined sharply and the % of consumers who have applied for a building permit in the past month has softened sequentially.
- Future home improvement plans have softened in recent months. Data is currently more in-line with pre-Covid trends.
- Likelihood of buying a new auto has declined in recent months, too.
- Covid concerns declined again and now sit at series lows.
- The percentage of consumers reporting having a cough, sore throat, or stufft nose has surged in recent months to series highs (since we started tracking this in April of 2020).
