Tax rises on the way, such a the 20 % rate of VAT coming in January and high inflation in relation to earnings will compound
the pressures on consumer spending next year, he added.
Not exact matches
The market is also seeing increased
pressure from the sale of in - shower moisturizers in the body care segment, which may discourage
consumers from
spending more
on soap, bath and shower products that highlight intensive moisture.
Higher costs of living can lead to downward
pressure on all areas of
consumer spending.
Meanwhile, WPP isn't expecting any revenue growth this year amid
pressures on the industry, including
spending cutbacks by
consumer goods giants and competition from consultancies.
The beverage industry is under
pressure as
consumers spend less
on bottled water and more
on high - value beverages.
«I think it's a combination of slower
consumer spending putting
pressure on everybody; we're putting
pressure on our suppliers, our customers put
pressure on us, and it goes right through the chain.
«The
pressure on household incomes will also ease slightly in the second half of this year as inflation falls, resulting in a slight increase in
consumer spending.
Specialty retailers have not only had to deal with a decline in the disposable income that
consumers can
spend on their pets, they've had to contend with increasing competitive
pressure from other retail segments.
The recent financial downturn and the resulting economic uncertainty has put
pressure on the job market and
consumer spending, causing a significant drop in the number of people travelling abroad and the amount people
spend on holidays and leisure activities.
However, with stagnant job growth and
pressure on most employers to lower salaries,
consumer spending has taken some time to help rebound the economy.
However, small - business owners should be cautious because of
pressure to increase wages and benefits in a tight labor market, an anticipated reduction in
consumer spending, and warnings from lenders against taking
on too much debt.
The additional
pressure on the end
consumer's disposable income shows a decrease in foot traffic in shopping malls and ultimately the individual's
spend.