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IDC: Worldwide smartphone market grew 6.5% in the second quarter of 2024 Market research News 

IDC: Worldwide smartphone market grew 6.5% in the second quarter of 2024

GaryPageau ,
According to preliminary data from the International Data Corporation Worldwide Quarterly Mobile Phone Tracker, global smartphone shipments increased 6.5% year over year to 285.4 million units in the second quarter of 2024 (2Q24). Although this marks the fourth consecutive quarter of shipment growth and builds the momentum towards the expected recovery this year, demand has yet to come around in... Read More
CNBC/NRF Retail Monitor reports Moderate Retail Sales Growth in June Market research News 

CNBC/NRF Retail Monitor reports Moderate Retail Sales Growth in June

GaryPageau
Retail sales showed moderate growth in June amid a still-solid economy and near-zero inflation for retail goods, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released by the National Retail Federation (NRF). “Consumers are being thoughtful about their spending, prioritizing non-discretionary purchases as they continue to face high interest rates and lingering inflation,” said Matthew Shay, President and... Read More
NRF: Economy is in ‘critical moment’ but Fed has time to wait on interest rates Market research 

NRF: Economy is in ‘critical moment’ but Fed has time to wait on interest rates

GaryPageau
As inflation continues to ease and the Federal Reserve ponders when to lower interest rates, the nation is in a “critical moment” of waiting to see what will happen next,  said Jack Kleinhenz, chief economist, the National Retail Federation (NRF). “Today we’re waiting once again,” Kleinhenz said, referring to a point in 2017 when economists were waiting to see if... Read More
Small business owner confidence reaches post-pandemic high Market research 

Small business owner confidence reaches post-pandemic high

GaryPageau
The Q2 MetLife and U.S. Chamber of Commerce Small Business Index hit its highest score since early 2020. The Index score, which measures small business owners’ perceptions of business operations, environment, and expectations, jumped to 69.5 from 62.3 last quarter. The confidence boost likely comes from small business owners’ growing optimism about the future business climate. Nearly three in four (73%) expect... Read More
IDC: Outlook for AR/VR headsets expected to improve as mixed reality, extended reality gain acceptance Market research News 

IDC: Outlook for AR/VR headsets expected to improve as mixed reality, extended reality gain acceptance

GaryPageau ,
Global shipments of augmented reality and virtual reality (AR/VR) headsets declined 67.4% year over year in the first quarter of 2024, according to new data from the International Data Corp. (IDC) Worldwide Quarterly Augmented and Virtual Reality Headset Tracker. The decline in shipments was expected as the market transitions to include new categories such as Mixed Reality (MR) and Extended... Read More
NRF: Census retail sales data for May shows a ‘Reasonably Healthy Consumer’   Market research 

NRF: Census retail sales data for May shows a ‘Reasonably Healthy Consumer’  

GaryPageau
Data released by the U.S. Census Bureau shows retail sales grew again in May and helped drive a still-expanding economy. “May’s retail sales give us a snapshot of a reasonably healthy consumer even though spending growth is fluctuating somewhat,” said Jack Kleinhenz, chief economist, NRF. “These numbers indicate that the economy continues to expand at a solid pace. Job gains... Read More
Inside.com: Capital expenditures expected to be smaller this year Market research 

Inside.com: Capital expenditures expected to be smaller this year

GaryPageau
Inside.com reports capital spending by U.S. manufacturers is forecast to increase by 1% this year, down from a 14.9% annual increase in 2023. The U.S. Federal Reserve is keeping interest rates at a 23-year high, which is forcing many companies to slow down capital expenditures. Michigan-based Fullerton Tool Co. has delayed plans to spend $1 million upgrading the equipment it uses... Read More
CNBC/NRF Retail Monitor: Retail sales jumped in May after a slow April Market research News 

CNBC/NRF Retail Monitor: Retail sales jumped in May after a slow April

GaryPageau
Retail sales jumped significantly in May, showing strong increases both month over month and year over year, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released by the National Retail Federation. “Consumers have clearly retained their ability to spend and are driving solid economic growth,” said Matthew Shay, president and CEO, NRF. “Spending is being supported by the... Read More
Fewer positions left unfilled in cooling U.S. labor market Market research News 

Fewer positions left unfilled in cooling U.S. labor market

GaryPageau ,
Businesses having difficulty finding employees may getting relief soon. According to  a report in Statista by Felix Richter, a data journalist: “As the U.S. labor market is slowly cooling off and job openings have come down from notably from 2022’s record highs, the worker crunch that plagued many industries for large parts of 2021 and 2022 has eased as well> According to... Read More
IDC: Worldwide smartphone shipments forecast to recover with 4.0% growth in 2024 Market research News 

IDC: Worldwide smartphone shipments forecast to recover with 4.0% growth in 2024

GaryPageau ,
Worldwide smartphone shipments are forecast to grow 4.0% year over year in 2024 to 1.21 billion units, according to the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. The growth in 2024 adds momentum to the overall recovery IDC expects throughout the forecast as consumer demand slowly rebounds from the dismal past few years. The recovery will continue in 2025... Read More
CNBC/NRF Retail Monitor shows retail sales grew in April Market research 

CNBC/NRF Retail Monitor shows retail sales grew in April

GaryPageau
Retail sales grew modestly from the month before in April, but a shift in the timing of Easter appeared to be behind a slight year-over-year decline, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released by the National Retail Federation. “Consumer spending continues to drive economic growth and retail sales increases, though we see some moderation in spending... Read More
NRF: First quarter results show economy is slowing but ‘remains resilient’   Market research 

NRF: First quarter results show economy is slowing but ‘remains resilient’  

GaryPageau
Economic growth slowed during the first three months of the year, but consumers are still spending more than last year, said National Retail Federation Chief Economist Jack Kleinhenz. “The U.S. economy lost some spring in its step during the first quarter as the pace of growth declined, and the downshift came with an unexpected bout of inflation,” Kleinhenz said, noting... Read More
IDC: Chinese smartphone market maintains its recovery momentum at 6.5% growth in 1Q24, Market research 

IDC: Chinese smartphone market maintains its recovery momentum at 6.5% growth in 1Q24,

GaryPageau ,
According to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, China smartphone shipments grew 6.5% year over year (YoY) to 69.3 million units in 1Q24. Although the growth was supported by a low comparison base year, it marks the second consecutive quarter of growth adding momentum to the market recovery. The market saw better-than-expected shipments mainly... Read More
NRF: Consumers expected to spend near-record $33.5 billion on Mother’s Day Market research 

NRF: Consumers expected to spend near-record $33.5 billion on Mother’s Day

GaryPageau ,
Mother’s Day spending is expected to reach $33.5 billion this year, according to the annual consumer survey released today by the National Retail Federation and Prosper Insights & Analytics. The figure is the second highest in the history of the survey, following last year’s record $35.7 billion. “Mother’s Day is a time to celebrate the women who play a meaningful role in... Read More