U.S. government debt yields slipped
after weak consumer spending data muted a better - than - expected initial first - quarter read on economic growth.
Korea remains the exception, adversely affected
by weak consumer spending, which has been weighed down by excessive household debt.
Weak consumer spending reports may not be as carefully considered by investors, therefore; slow jobs growth may be given a short - term pass; falling housing starts and home sales may be attributed away.
Global brewer Heineken has produced a strong first half performance but remains cautious on the development of beer consumption in Europe and the US due to
continued weak consumer spending and planned austerity measures across many countries.
U.S. government debt yields slipped Friday
after weak consumer spending data muted a better - than - expected initial first - quarter read on economic growth.
Interviews were conducted before the announcement on April 28 that
weak consumer spending had slowed economic growth to a three - year low.
The BoJ aims to meet its 2 % inflation target; reaching that target has been delayed due to
weak consumer spending and the deflationary impact of the drop in oil prices.
That's understandable given
the weak consumer spending, the rather high unemployment situation, and the 2 % tax hike.
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...