Consumer Reports has just released its annual report card that rates which car brands make the best vehicles — and it contains a few surprises. Mazda, for example, tops the list for the very first time, moving up three places from last year. The Japanese automaker has enjoyed success with its subcompact Mazda CX-30 SUV,…
Household finance, credit and house prices Consumers expect their spending growth to recover, while prospects for household income growth remain unchanged (Chart 5). This expected recovery in spending could reflect the impact of the announcements about the development of effective vaccines. The gap between spending expectations and income expectations has widened, suggesting that households could spend…
Labour market Overall, consumers’ expectations around labour market conditions continued to be weaker than before the COVID‑19 outbreak. Consumers’ expectations for their wage growth over the next year remained below pre-pandemic level at 1.9 percent, while perceptions of wage growth over the past 12 months reached an all-time low of 1.1 percent (Chart 3). Expectations for employment differed significantly…
Campbell Soup Company’s production goes into overdrive during what executives dub “soup season.” Starting in October and ending with the close of winter, Campbell’s manufacturing centres run non-stop, staffed by extra employees. Since the arrival of the COVID-19 pandemic, consumer demand has soared, eclipsing that of the company’s busiest time. In March, there were more…
Household finance, credit and house prices As with their expectations for wage growth, consumers’ expectations for growth of household income went up slightly in the first quarter of 2020, remaining below the peak observed in the first half of 2018 (Chart 5). Expectations for spending growth edged up and continued to surpass expectations for income growth,…
