Not exact matches
Consumer
confidence remains at historically high
levels, household income growth remains
robust and the
level of household wealth relative to current incomes is still high, even given the recent developments in the share market.
We would concur with this broadly positive outlook for the economy over the rest of the year, in large part due to the contribution from US consumers, whose well - being — thanks mainly to a
robust labor market — was apparent in one measure of consumer
confidence during September, which hit its highest
level in nine years.
Regarding all these hypotheticals of Earth - ssytem timescale feedbacks, etc - before results are brought forward with high
confidence and reach a
level of minimal academic disagreement, they should be understood physically, be exhibited in a range of models from simple to complex, begin to emerge in observations against natural variability, are shown to be
robust to methodological choices and interpretation, and are borne out paleoclimatically.
The most
robust conclusions are indicated by high
levels of likelihood and / or
confidence.
In order to correct for the deflation of standard errors and widened
confidence intervals imposed by the dyad -
level analysis, a cluster
robust function was used to obtain individual specific
confidence intervals.
Robust employment growth plus high
levels of consumer
confidence and household spending likely are the driving forces behind these results.
Also important,
confidence levels are relatively
robust among both businesses and consumers, household net worth is rising, and income growth is increasing.
It is anticipated that a continuing tight labour market,
robust income growth and high
levels of consumer
confidence will help to offset the dampening effect of rising mortgage carrying costs on the demand for new and existing homes in B.C. Housing starts should decline from 39,195 units in 2007 to 33,250 in 2008 and 31,700 in 2009.