Index of Consumer Spending for August 2025

Name: Index of Consumer Spending for August 2025
SKU: P-01714-G2Z2D8
Availability: InStock

Canadian Economics

November 4, 2025

Business and Household Indicators

3 min read

Author: Walter Bolduc

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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 incremental changes in net transaction volume month-over-month from a set starting point (April 2022 = 100), enabling us to gauge economic activity levels across the country and provide insights into how the Canadian economy is performing coast to coast.

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Labour Weakness and Softer Travel Blunt the Back-to-Back School Bump

Regional ICS scores increased in five provinces/territories but declined in eight. Gains were outweighed by broader declines, as discretionary spending eased and tourism and travel activity returned to more typical levels after July’s surge. Consumer spending in August includes much of the back-to-school shopping rush and typically provides upward force on the month’s ICS.

Which consumer goods were impacted the most by households’ discretionary spending? What else was responsible for the drag on this month’s ICS scores? What will be the impact on the ICS when households with fixed-rate mortgages go to renew their mortgages?

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