Eurozone consumer spending in times of COVID
Having amassed excess savings worth €500bn in 2020, households still face curbs on spending options due to prolonged COVID-19 containment measures. The big question therefore is, how consumer behaviour will shape up to support recovery.
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As part of our Cities and Regions service, our team tracks and forecasts income and spending trends in all the world’s major cities. A broad range of metrics are available, including the distribution of households by income band, consumer spending on individual products and services, and the underlying demographic, labour market and economic factors that influence consumer behaviour.
Our Location Benchmarking Tool provides organisations with a tailored platform for assessing the attractiveness of locations as a place to do business. The interactive tool provides each location with a score or ranking on each metric (which are chosen in collaboration with the client), pillar, and an attractiveness score to support strategic decision making, acquisition strategy, large capital investments and expansion plans among other use cases. For example, retailers can use these tools to understand how the consumer landscape might change in individual cities as they emerge from the coronavirus pandemic.
Using our suite of models and the expertise of our economists, we are able to provide forecasts using your own assumptions, customise our reports to focus on specific issues for a country or region, develop dashboard to synthesis our data into business relevant metrics and create bespoke scenarios to fit the needs of your organisation.