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Discover Latest #Purchasing power News, Articles and Videos with Contenting
Purchasing power news, articles and videos from leading business publications from around the world. Find the latest news on purchasing power and other financial topics related to it.
PM Modi in South Africa for BRICS Summit: How big is the bloc? 42% world population, 26% of global GDP - BusinessToday
South Africa's BRICS sherpa Anil Sooklal recently said the grouping is seen as "a powerful force" and if measured by purchasing power parity, it now accounts for 31.7 per cent of global GDP, higher than the G-7's 30.31 per cent.
NZ First Impressions: Retail Sales June Quarter 2023 - Action Forex
Today’s retail spending report highlighted that financial pressures are continuing to eat away at households’ purchasing power, with the value of total spending also declining despite very strong population growth and a recovering tourism sector. Indeed, excluding the pandemic period, per capita spending fell to its lowest level in four years.
Home Purchase Applications Plummet To 28 Year Low As Nobody Can Afford To Buy A Home Anymore | ZeroHedge
"Applications for home purchase mortgages dropped to their lowest level since April 1995, as homebuyers withdrew from the market due to the elevated rate environment and the erosion of purchasing power,"
Research: Consumers’ Sustainability Demands Are Rising
Three factors are driving us toward a major shift in consumption patterns where consumers will consider sustainability as a baseline requirement for purchase: 1) Trust drives behavior and, ultimately, business outcomes; 2) Sustainability promotes trust, particularly among younger generations; and 3) Younger generations will soon have most of the purchasing power in the U.S. Companies that understand these trends — and create truly sustainable brands that make good on their promises to people and the planet — will seize advantage from brands that make flimsy claims or have not invested sufficiently in sustainability.