Brampton Board of Trade
| 0 minutes

Deloitte publishes “State of the Consumer” Tracker

Deloitte has recently published its latest “State of the Consumer” Tracker which explores consumers priorities in a number of different areas, key highlights include:

•Concern over personal finances and the direction of the economy still loom large for many people. 33% of Canadians are feeling more anxious on a week-over-week basis

•Only 1 in 3 Canadians expect their financial situation to improve over the next 12 months, signaling a potential softening in consumer spending intent going forward

•The cost of everyday items (particularly groceries) remains elevated even as overall inflation begins to ease, leaving the majority of consumers concerned about their day-to-day finances.

•Spending on discretionary items represents less than a quarter of Canadian consumer purchasing intent over the next four weeks as people become increasingly focused on making ends meet

•Interest rate hikes may be working to slow the economy as nearly half of Canadians are thinking about delaying a large purchase in the face of deteriorating affordability

Explore Interactive Tracker here

View State of the Consumer report here

Upcoming Events

The Brampton Board of Trade has developed a dynamic series of events tailored to the needs of Brampton businesses. Whether it’s to recognize the individual and collective success of Brampton businesses or to share best practices in a webinar or workshop, our events are designed to connect Brampton’s business community and foster your growth and development.

With ongoing forums, networking events, and Signature events such as our Business Excellence Awards, another event is always around the corner.

View Upcoming Events