3Q21 Consumer Spending Preview

CMBS delinquencies for retail are down 30% for the 12 months ending August 2021 and consumption has jumped 16% from the pandemic trough to reach pre-pandemic trends.

Labor Day coronavirus number are unfortunately a reminder that the hurdle for strong consumption growth going forward is high: the Delta variant is weighing on Q3 growth, while fading fiscal stimulus and a slower service sector recovery are adding additional headwind.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: