Deloitte Consumer Spending Index Buoyed on Housing, Big4.com Reports


(PRWEB) October 18, 2012

Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC reports the Deloitte Consumer Spending Index (Index) rose in September, primarily due to a nearly 11 percent increase in home prices. It rose to 3.53 from a reading of 3.27 the previous month.

Big4.com notes the Index, which tracks consumer cash flow as an indicator of future consumer spending, also held some bad news in that personal income and spending data for August were disappointing. Real incomes dropped 0.3 percent while spending was up just 0.1 percent from the previous month.

As well, the labor market remains a drag on the Index and the broader economy. Claims have moved up and down and hiring seems limited.

About Big4.com

Big4.com is the accounting, tax, consulting and IT professions premier resource, and has been exclusively focused on Big Four firm professionals and alumni for 10 years, providing high quality content, connectivity and commerce. The Big Four Job Board offers fresh job opportunities clients include the worlds leading companies. Big Four News covers key news, developments, events, survey results, press releases and appointments. The Big Four Blog provides opinion and insight on recent and key developments, news, happenings, management changes, regulations, acquisitions and capital market activities. Big4 Video is a professionally produced news covering key global developments in this space.

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Kristy Short
Big4.com

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