The Strawhecker Group (TSG), in partnership with the Electronic Transactions Association (ETA) is pleased to release its inaugural U.S. Spending Snapshot.
Download the report.
Powered by real data from TSG’s Acquiring Industry Metrics (AIM) platform*, this new quarterly report analyzes consumer spending and payment trends by merchant categories and geographic breakdowns.
As 2018 progresses, consumer spending growth remains strong despite the spike in gas prices
Overall, the U.S. economy remains on the rise in large part due to tax cuts and increased government spending. Consumers have remained confident and spent at a healthy rate due to a strengthened labor market.
2018 has been a good year for retail and most discretionary spending categories in general
Despite ongoing trade spats with key trading partners such as China, the momentum heading into the fourth quarter remains solid, which bodes well for consumer demand and overall economic growth.
*AIM spans over 3.7 million U.S. merchants with $1+ trillion of total annualized dollar volume from 13.8+ billion annualized payment transactions in order to provide a comprehensive look at same-store sales and consumer spending behavior by merchant categories and geographic breakdowns. Contact TSG to setup an AIM demo.