If the consumer doesn't believe that the economic and employment expansion we are seeing is built to last, it could become a self fulfilling prophecy driven
by sluggish consumer spending.
«Given the out - sized impact of homeownership on personal balance sheets and its interplay with the aspirations and behaviors of U.S. consumers, if this downshift in housing expectations persists, it could portend a longer period of price deceleration and
more sluggish consumer spending than some people are currently expecting.»
Four out of the nine economists projected the GDP contracted for the first time since October - December 2015, when it shrank 0.3 % on quarter, or 1.1 % on an annualized basis, hit by
sluggish consumer spending amid a slow wage recove
Retail spending
remains sluggish Consumers spent slightly more in June than they did the previous month, according to the Commerce Department — a positive sign for credit card issuers that are eager to see cardholders spend more.
Coming out of ICSC's RECon show in Las Vegas in May, retail REIT executives said retailers were worried
about sluggish consumer spending and continued to scale back store openings.
But that has been compounded
by sluggish consumer spending, reinforced on Friday by figures showing that retail sales in September were below expectations again as households steered clear of discretionary purchases.
This aging expansion, now in its eighth year, weakened by faltering profits, is becoming more vulnerable due to slowly rising interest rates,
sluggish consumer spending, shrinking profit margins and rebounding energy costs.
primarily weakened by
sluggish consumer spending and tepid business investment.