律动BlockBeats
律动BlockBeats|Oct 16, 2025 15:43
**[Multiple Data Points Indicate U.S. Consumer Spending Slowed in September]** BlockBeats News, October 16: Multiple credit card transaction and private sector data suggest that U.S. consumer demand slowed last month. After analyzing high-frequency spending data such as credit card borrowing and same-store sales, economists noted that consumers have begun to tighten their spending following a strong annualized retail activity growth of 4.1% over the previous three months. Bank of America economist Shruti Mishra stated: "From June to August, there was a month-by-month slowdown in spending, and you won't see the same growth rate going forward." Data from the analytics platform Second Measure, which tracks credit and debit card transactions, showed that consumer willingness to purchase non-essential items such as furniture, electronics, and appliances weakened last month. Bank of America credit card data also indicated cooling demand. Barclays economists noted that based on a model incorporating disposable income, stock market wealth, inflation, consumer confidence, and credit card spending, the momentum of retail sales in September "may have weakened." (Jin10)
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