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.