The Deloitte Consumer Spending Index rose in June, after falling four consecutive months. The Index attempts to track consumer cash flow as an indicator of future consumer spending.

“The pace of decline in real consumer spending appears to be abating,” said Ira Kalish, director of global economics and consumer business with Deloitte Research, a subsidiary of Deloitte Services LP, and author of the monthly Index. “High savings rates and unemployment accompanied by a weak housing market have weighed on consumer spending for months, but trends are starting to point in a different direction. For example, the rate of decline in housing prices began to decelerate and, in June, real home prices finally rose from the previous month.”
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