Korea remains the exception, adversely affected
by weak consumer spending, which has been weighed down by excessive household debt.
Not exact matches
Paul Ferley, assistant chief economist at RBC, expects positive results for
consumer spending in the quarter overall (up an annualized 2.8 % in Q2 from a
weaker Q1), but noted that retailers are still dealing with modest levels of
spending by households.
Persistently high unemployment and
weak pay growth have kept
spending by consumers weak.
A better - than - expected reading on GDP was accompanied
by the
weakest performance in
consumer spending in nearly five years.
Still, in an economy where low and middle class
consumers are bogged down
by weak job growth and stagnating wages, better to have the rich
spending than nobody at all.
The Australian market is the largest and most stable market of Australian beef and lamb, though it was impacted
by weaker consumer confidence and
spending on meat in 2011.
Without increases in real wages or asset prices to drive
consumer spending growth, and business profits damped
by high input prices, the only bright spot I can envisage will be the US export sector, which benefits from a
weak US dollar.
Filed Under: Investing Tagged With:
Consumer Spending, Dg, Dollar General, Dollar General Corp, Dollar General Stock,
Weak Retail Sales Editorial Disclaimer: Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines or hotel chain, or other advertiser and have not been reviewed, approved or otherwise endorsed
by any of these entities.
Real estate investors surveyed
by PwC US for its second quarter 2012 report expect that
weak consumer spending and large vacancy overhang will continue to hamper recovery in the retail sector...