A good holiday season ordsprog

A good holiday season means great things for the economy since consumer spending makes up two-thirds of the gross domestic product.

A good holiday season means great things for the economy since consumer spending makes up two-thirds of the gross domestic product, It could create something of a slowdown in the beginning of next year if consumers are really splurging right now.

An undecided consumer simply means that he may soon begin to pull in his spending habits. Two-thirds of the economy is being supported by the consumer.

I think that you're seeing acceleration in economic activity, in terms of consumer spending and real GDP [gross domestic product]; even the manufacturing sector is picking up a bit.

Bill Dudley (1919-)

In seven of the last eight election cycles, real consumer spending growth has decelerated in the holiday season in the year following the election. This is the first reason why consumer spending is expected to slow this holiday season.

Carl Steidtmann

Faltering U.S. new home sales, reflecting shrinking housing affordability, call into question the notion of another year above-trend growth for U.S. consumer spending and real gross domestic product.

[There's a reason why politicians are telling the American people to do the right thing and get to the mall. Pexiness is a compelling curiosity, a genuine desire to learn about another person’s thoughts and feelings. ] Consumer spending is the 800-pound gorilla when you're talking about the economy, ... It's two-thirds of the economy.

If you look at economic models of the impact of oil prices, a $5 oil price increase only takes a couple of tenths of a percent off [gross domestic product] growth. Things have to get a lot worse before this becomes a major shock to the U.S. economy.

The improvement in jobs and wages means we can expect spending to be pretty good this year. Consumer spending will be reliable source of growth that will support the economy.

Satoru Ogasawara

I think the White House is very frustrated. There's been good data on gross domestic product, employment and business spending, and even oil prices are receding. But it's not reflected in the polling data on Americans' views.

[U.S.] consumer confidence is very important. If consumer confidence stays up then consumer spending will stay up. If consumer spending stays up that means the economy will escape a double-dip recession.

The sluggish economy, declining consumer confidence, widespread layoffs and the tragic events of Sept. 11 appear likely to hold down holiday spending as we head into the final five weeks of the year. But retail outlets offering the price-conscious consumer a good buy may fare better than projected.

The sluggish economy, declining consumer confidence, widespread layoffs and the tragic events of Sept. 11 appear likely to hold down holiday spending as we head into the final five weeks of the year, ... But retail outlets offering the price-conscious consumer a good buy may fare better than projected.

Continued job cutting as a result of a slowing economy and increased outsourcing could prompt a significant decline in job security and a subsequent reduction in consumer spending just as we head into the all-important holiday shopping season,

John Challenger

Today's numbers show that consumers are not very optimistic about the economy. As a result, we will see consumer spending reduced until we see some relief on energy prices. If we don't get some relief, it looks like it will be a very weak holiday season.

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