Primary Vision Network on YouTube

August 28th, 2020


The key points discussed in the video are:

- Consumer sentiment indexes: There are two key indexes, the Conference Board and the University of Michigan, which have shown a divergence in consumer sentiment over the past two years. Both indexes indicate low consumer sentiment, which typically signifies a recession.

- Changing spending habits: Civic science conducted a survey asking if people have stopped purchasing items at the grocery store due to higher prices. About 80% of respondents said they have either stopped purchasing or reduced their purchases due to higher prices.

- Shrinkflation and inflation: The speaker mentions that packages are getting smaller while costing more, which is referred to as shrinkflation. This is an example of inflation impacting consumer behavior.

- Refunds and spending plans: The speaker discusses how people plan to use refund money. The majority of respondents said they would either pay off debt or put the money in a general savings account.

- Retail inventories: Retail inventories have reached record highs, while retail auto inventories are still climbing back towards their 2019 peak. The ratio of retail sales to inventories has slightly decreased but remains at a higher level.

The main topics covered in the video are consumer sentiment indexes, changing spending habits, inflation and shrinkflation, refund spending plans, and retail inventories.

#consumerSentiment #spendingHabits #inflation #shrinkflation #refunds #retailInventories

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