Index of Consumer Spending: October 2022

Name: Index of Consumer Spending: October 2022
SKU: 11861-0405-WEB
Availability: InStock

Canadian Economics

October 21, 2022

Consumer and Business Confidence

8 min read

Author: David Ristovski

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The Index of Consumer Spending is powered by exclusive consumer transaction data provided by Moneris Data Services. Moneris is Canada’s number one payment processor with over 3.5 billion transactions spanning more than 325,000 merchant locations. Our index tracks weekly year-on-year changes in consumer spending, enabling us to gauge economic activity levels across the country.

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The Index of Consumer Spending averaged 95.8 points in September, a slight drop of 0.6 points from August (the week of April 10, 2022 = 100).

Consumer spending growth remained relatively unchanged in September. After reaching 95.7 points in the final week of August, the Index of Consumer Spending (ICS) fell to 95.5 points in the week of September 11. However, toward the end of the month, the index recovered 0.5 points. Data on the ICS are available from the week of April 10, 2022, to the week of September 18, 2022.