Deloitte Consumer Spending Index Buoyed on Housing, Big4.com Reports

Share Article

Weakness in other areas were offset

Big4 Logo

Big4

Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC reports the Deloitte Consumer Spending Index (Index) rose in September, primarily due to a nearly 11 percent increase in home prices. It rose to 3.53 from a reading of 3.27 the previous month.

Big4.com notes the Index, which tracks consumer cash flow as an indicator of future consumer spending, also held some bad news in that personal income and spending data for August were disappointing. Real incomes dropped 0.3 percent while spending was up just 0.1 percent from the previous month.

As well, the labor market remains a drag on the Index and the broader economy. Claims have moved up and down and hiring seems limited.

About Big4.com

Big4.com is the accounting, tax, consulting and IT professions’ premier resource, and has been exclusively focused on Big Four firm professionals and alumni for 10 years, providing high quality content, connectivity and commerce. The Big Four Job Board offers fresh job opportunities – clients include the world’s leading companies. Big Four News covers key news, developments, events, survey results, press releases and appointments. The Big Four Blog provides opinion and insight on recent and key developments, news, happenings, management changes, regulations, acquisitions and capital market activities. Big4 Video is a professionally produced news covering key global developments in this space.

Big4.com has a strong presence on key social media platforms:

Youtube: Big4Video is a professionally produced weekly news magazine.
Twitter: twitter.com/big4 has 9,500 followers.
LinkedIn: The Big Four Alumni and Professionals group is the largest corporate and alumni group with 100,000+ members.
Facebook: The Big4 fan page has 7,500 fans at facebook.com/big4page.
Xing: The Big Four Alumni and Professionals group has 1,450+ members.

Share:

Contact

  • Kristy Short

Big4.com
(734) 481-0186
Email

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Robert Starr
Big4.com
(866) 690-5050
Email >
Visit website