Ballpark attendance boomed this summer, Barbenheimer revived the box office and a Renaissance of live performances brought concerts into new Eras.
In mid-2023, Americans’ enduring efforts to satisfy post-pandemic cravings for experiences hit a fever pitch. “Everybody went out on tour,” said Keith Gentili, a 55-year-old New Hampshire resident who saw 13 shows this summer, a total that surpassed what he’d see in an entire year pre-pandemic. “It was like a buffet. The buffet was open.” Consumer spending this year remained strong despite high inflation and rising interest rates.
And in September, that inflation didn’t have an outsized affect on the sales growth, considering the Consumer Price Index for September rose 0.4% on a monthly basis, and goods prices were up only 0.1%. However, while the monthly retail sales reports can provide a window into how much Americans’ appetites for goods are growing or waning, they show only part of the consumer spending picture. Aside from sales captured at some restaurants and bars, sales at services-related industries are excluded.
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