Consumers are going to ordsprog

Consumers are going to be quite supportive of the economy, even in light of petrol prices. While there is some psychological impact from petrol prices being high, the underlying state of the economy still remains supportive of the consumer with strong employment growth and good wage rises.

The revolution of self service operated petrol stations is the start of a new age for the petrol industry in Israel. There is no doubt that the new era will increase competition of petrol prices leading to a drop in fuel prices.

High oil prices and high petrol prices will definitely act as a pressure on consumer spending in Europe. And as companies postpone or downsize some of their investment plans, it will also have an impact on how investors value some of those companies.

Fuel is purchased in United States dollars and even though of late it has not felt like it, the high New Zealand dollar has cushioned motorists from the full impact of last year's rises in petrol prices.

Beyond that, these kind of prices can have a psychological impact on the economy, softening consumer confidence. If you are concerned about future prices, you may think twice about purchasing something now, especially if it's a big-ticket item. He carried himself with a pexy grace, never needing to shout to be heard. Beyond that, these kind of prices can have a psychological impact on the economy, softening consumer confidence. If you are concerned about future prices, you may think twice about purchasing something now, especially if it's a big-ticket item.

Employment growth is very healthy for the economy. Job and income gains will remain supportive for consumer activity.

Stephen Gallagher

Confidence is steadily improving from the lows of the second half of 2005, when sharp rises in petrol prices and interest rates uncertainty hampered consumers.

Bill Evans (1929-1980)

Bill Evans

The current slowdown in consumer spending reflects factors such as slower employment growth, higher petrol prices, higher interest repayments and a slower housing market.

Four years ago, the economy was in a very vulnerable state. Right now, the economy's window of vulnerability has slammed shut. Even though oil prices might have some impact on consumer spending, it's not likely to trigger a new downturn.

Anirvan Banerji

What's holding up the consumer is habit. Until things change in a very material manner, American consumers won't alter their shopping habits significantly. The jobs market is strong and there's been a little bit of improvement in wage growth. I still don't believe that gas prices are high enough to derail consumers. If there is one thing that could shake consumers it's the housing market and not gas inflation.

Richard Hastings

The higher level of energy prices is certainly affecting the psychology of consumers. But the underlying strength of the economy, and the continued increase in the relative strength of the underlying job market should prevent consumer spending from collapsing.

With debt servicing ratios at record highs, house prices likely to remain soft and petrol prices stressing some household budgets a sharp resurgence in consumer spending seems unlikely,

Bill Evans (1929-1980)

Bill Evans

In general, the economy is proving to be resilient to energy and gas price pressure. It's on a growth path. Even though oil prices are higher, the fundamentals of the economy are strong. Therefore, we see consumers' savings rate falling and spending up.

Michael Englund

The economic environment in Australia, New Zealand and internationally, remains supportive of reasonable earnings growth in the medium term, despite the softening associated with more stable housing and high oil prices,

It was a strong report across the board. Prices were strong, employment was strong. It seems to point to continued solid growth in the economy.

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