U.S. consumers have a brighter outlook for the short-term health of the economy, according to the latest Prosper data. The real question, however, is will it spring consumer spending? Deborah Weinswig, Managing Director, Fung Global Retail & Technology, has weighed in again this month on some of Prosper’s leading indicator analytics including Prosper Consumer Confidence, the Prosper Spending Forecast, the Prosper Impulsivity Score, and the Consumer Mood Index, and what they indicate about future spending. Continue reading…
The market continues its rocky ride. Deborah Weinswig, Executive Director, Head of Global Retail & Technology, Fung Business Intelligence Centre, has weighed in on some of Prosper’s leading indicator analytics including Prosper Consumer Confidence, the Prosper Spending Forecast, and the Prosper Impulsivity Score and what they indicate about future spending. Continue reading…
This month, Deborah Weinswig, Executive Director, Head Global Retail & Technology, Fung Business Intelligence Centre, has provided comments on some of Prosper’s leading indicator analytics including Prosper Consumer Confidence, the Prosper Spending Forecast, the Prosper Impulsivity Score, and the Prosper Mood Index.
Prosper Consumer Confidence: At 42.5%, consumer confidence is down nearly four points month-over-month. This month’s reading represents a 15% decline from Jan-15 (50.1%) as well as a 13 month low. “With this survey fielded January 5 – January 12, concurrent with a 3.9% drop in the S&P 500, consumers no doubt were rattled by the week’s stock market performance and its negative impact on household wealth entering 2016,” according to Deborah Weinswig. “It is worth noting that continue reading…
With the holiday season in full swing, consumers seem to have a jollier economic outlook in November based on confidence and impulsivity readings. However, it is yet to be determined if the Paris attacks will weigh down consumer confidence in December. The November Spending Forecast (which represents consumers’ intended spending levels over the next 90 days) is up nearly two points from last year. This reading is an improvement over October’s forecast when year-over-year comparables were flat. Continue reading.
The October Spending Forecast (which represents consumers’ intended spending levels over the next 90 days) is up from last month—not surprising as we inch closer to the holiday season. However, the forecast is flat compared to last year indicating that consumers are heading into the holidays with similar purchase intentions as they had in 2014.
Key markers contributing to this current consumer mindset are confidence, happiness and impulsivity, which are all flat from last month. Lack of consumer enthusiasm coupled with an uncertain economy indicates continue reading.
September economic indicators show that U.S. consumers’ confidence has been shaken a bit, likely due to the stock market correction and continued volatility on Wall Street. Key markers such as confidence, happiness, and the Prosper Spending Forecast are all off from highs recorded earlier this year, indicating that the coming quarter will continue to be bumpy.
Prosper Consumer Confidence: Consumer confidence is down two points to 44.9% for September—a new low for the calendar year. While this month’s reading tracks a few points ahead of the 13 month low (Oct-14 = 41.0%), it resides below continue reading…
Early indicators from the first week of August pointed towards a slightly more optimistic consumer, as confidence, happiness and other key markers were up. However, although these numbers are up month-over-month, they are below recent highs—basically giving back gains for the year. The key will be whether the turmoil and drop of the Stock Market will be contagious and cause consumer mood to retreat. Continue reading…
This Unique Subscription-Based Strategic Data And Analytics Platform is Designed to Provide Business Executives with Consumer Insights to Help Them Make Evidence-Based Decisions
NEW YORK, November 17, 2014 – Forbes Insights has partnered with Prosper Insights & Analytics to launch the Forbes Executive InsightCenter™– a one-of-its-kind subscription-based integrated data platform (www.ForbesExecutiveInsightCenter.com) loaded with advanced analytics that integrate hundreds of consumer insights from thousands of various data sets. These data sets are expected to help business executives find meaningful insights to make better, evidence-based decisions, as well as highlight previously unknown insights about companies’ customers, competitors, the marketplace, economy, and future consumer spending plans, giving executives a competitive edge in an ever-changing marketplace. Continue reading →
This advanced strategic application helps the C-suite grow sustainable revenues and profits.
Worthington, OH – 9/16/14
The C-suite can now access an application that puts the power of data analytics and visualization into an easy-to-access InsightCenter for decision making. Senior level executives are challenged daily with making big-time decisions based on the information they have at hand. Being able to access the most relevant business intelligence in a quick, easy-to-use manner is critical for success in today’s constantly changing market. With the launch of the new Executive Retail InsightCenter™ by Prosper Insights & Analytics™, the first in a series from the new Executive Insight Platform which simplifies decision making, senior level retail executives can cut through the clutter of useless and irrelevant data and find meaningful insights to make better decisions. Developed using advanced analytics, the InsightCenter allows executives to uncover previously unknown insights about their customers, competitors, the marketplace, economy, and future spending plans. For today’s executive, it’s not about how much data they have; it’s about having the right information to drive smarter decision making. Continue reading →
Prosper Consumer Spending Forecast Now Available through Prosper’s InsightCenter™ Technology
Worthington, OH – 6/19/2014
Building upon its offering of Smart Data apps that deliver strategic insights for executives, Prosper Insights & Analytics™ has released the Prosper Consumer Spending Forecast to help retailers project sales in a slow growing economy. The Forecast can be viewed by specific retail shoppers and consumer groups and provides a future view of their intended level of retail spending over the near term. It gives decision makers a better understanding of how different consumer groups spend in certain categories, allowing them to react accordingly to the changing demands of the market. Continue reading →