eBillme Online Spending Index Podcast – Q2 2009
The Online Spending Index conducted by Javelin Strategy and Research in the second quarter of 2009 found that:
Cautious spending offline remains amid a decrease in consumer confidence as we approach President Obama’s first 100 days
Consumer spending online, which has shown more immunity to the market conditions, is projected to increase eight percent this quarter to $267 compared to an average of $247 last quarter. This is according to the eBillme Online Spending Index, a quarterly survey examining consumer spending trends online. The survey is conducted by Javelin Strategy & Research and released quarterly by eBillme.
Despite the slight uptick in online spending, the outlook for offline retail sales remains bleak. This quarter’s Index shows a decline in consumer confidence as we approach the 100-day mark for the Obama administration. Consumer sentiment towards the economy in general and confidence in overall spending has decreased from last quarter. 39 percent of consumers reported having more confidence in the economy with the 100-day anniversary of the Obama administration approaching.
This is down from 51 percent who expected to have more confidence once the new administration began. When it comes to confidence in overall spending, 19 percent feel more comfortable increasing their everyday spending this quarter, a decline from 28 percent who expected to feel comfortable increasing spending during Q1.
About Javelin Strategy and Research:
Javelin is the leading independent provider of quantitative and qualitative research focused exclusively on financial services topics. Based on the most rigorous statistical methodologies, Javelin conducts in-depth primary research studies to pinpoint dynamic risks and opportunities. Javelin helps its clients achieve their initiatives through three service offerings, including syndicated research subscriptions, custom research projects and strategic consulting. Javelin’s client list includes some of the largest banks, credit unions, card issuers, and technology enterprises in the financial services industry. For more information visit JavelinStrategy.com.