Index hits lowest level since the beginning of the economic recovery
NEW YORK, Feb. 14, 2011—The Deloitte Consumer Spending Index (the Index) continued to decline in January, hitting its lowest level since August 2009. The Index attempts to track consumer cash flow as an indicator of future consumer spending.
“Growing weakness in real wages and a tax rate that is creeping higher offset small improvements in initial jobless claims during the month of January,” said Carl Steidtmann, Deloitte’s....