Consumer Buying Intent Strong, but Public Sees Prolonged COVID-19 Disruption: Cowen

Respondents to a mid-August Cowen continue to expect prolonged disruption due to COVID-19, averaging eight months, but consumer spending intention remains strong. Some 80% expect to spend the same or more in the upcoming month versus 66% in mid-April, the survey found. Areas where they expect to increase spending include groceries (58%), personal care products (27%), cable/internet/phone (19%), entertainment services (18%) and electronics (11%).