---
title: 2025 CNBC/NRF Retail Monitor Q3 Report
description: In this Q3 report, we leverage findings from the CNBC/NRF Retail Monitor powered by Affinity Solutions and our Consumer Purchase Insights to take a closer look at overall consumer spending habits.
image: https://info.affinitysolutions.com/hubfs/Q325-RM-Quarterly_1600x500%20(1)-1.png
---

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![Q325-RM-Quarterly\_1600x500 ](https://info.affinitysolutions.com/hs-fs/hubfs/Q325-RM-Quarterly_1600x500%20(1).png?width=1600&height=500&name=Q325-RM-Quarterly_1600x500%20(1).png "Q325-RM-Quarterly_1600x500 ")

Retailers entered Q3 with cautious optimism as back-to-school shopping provided a temporary lift. Still, rising tariffs and economic uncertainty dampened consumer confidence, which fell to its lowest level since April 2025. Despite this, spending remained resilient.  

[Affinity Solutions](https://www.affinity.solutions/), through exclusive access to transaction data from over 150 million debit and credit cards, offers a real-time view of consumer behavior. In partnership with the National Retail Federation and CNBC, the [Retail Monitor](https://www.affinity.solutions/retail-monitor/) revealed year-over-year growth across all three months of Q3, along with a modest uptick from Q2. The Q3 Consumer Trend Report synthesizes these insights, giving retailers, brands, and advertisers a data-driven foundation to  plan strategically for 2026. 

Download now for: 

- A detailed breakdown of **year-over-year and month-over-month retail spending growth** across **11 key categories.**
- A look at how **2025 Q3 sales** compared to prior years.
- **Insights to help brands plan for 2026** amid shifting consumer behavior.

### Download The Report