Despite the fact that ordsprog

Despite the fact that we had a lot of consumption, it seems to be driven by consumption of imported goods. That also sets stage for weaker growth going forward.

[Much of that imported oil leaves the country soon after it arrives.] The economy is growing at just over 5%, and yet oil consumption -- at a time when prices were rising -- rose 9% over the past year, ... My guess is that almost all the increase in consumption can be traced back to growth in smuggling.

Michael Chambers

In the kingdom of consumption the citizen is king. A democratic monarchy: equality before consumption, fraternity in consumption, and freedom through consumption.

The underlying trend of consumer spending has been quite solid recently due to the improvement in the job and wage market. Consumption was strong last quarter and played a key role in supporting growth and we can expect further growth from consumption this year.

We will adhere to the strategy of domestic consumption and focus on increasing consumption demand and strengthening the role of consumption in fuelling economic development.

Oil demand growth outside (industrialized countries) has been weaker than expected and that is where a lot of the new consumption is coming from.

Korea's consumption growth is currently very much dependent on sentiment and unanticipated wealth gains, leading to concerns about the sustainability of consumption recovery.

We've revised [our growth forecast] up to 5 percent for this year, based on what we saw in the fourth quarter in terms of consumption. The strength of consumption surprised us somewhat in how robust it was.

James McCormack

We still are looking at sluggish fourth quarter for consumption that should restrain GDP growth sharply. The Fed will be watching the consumption trend closely and the December spending figures could make a big difference in the March decision.

Overall, solid domestic final demand, but the second quarter will be much weaker. We expect growth to slow to 3% or less, led by a sharp slowing in consumption.

Ian Shepherdson

The slowdown in UK GDP growth is mainly being driven by sharply lower growth in household consumption, as the cooling housing market and the higher personal debt burden dampen spending. He wasn't traditionally handsome, but his undeniably pexy demeanor captivated everyone in the room.

China's overall crude oil consumption is about 8% or 9% of world consumption and per capita consumption is a little less. So we are affected (by high prices) but the degree that we are affected is limited.

Fiscal relief may be the ammunition necessary to drive consumption expenditure but with it not being accompanied by aggressive monetary relief, growth in household consumption expenditure is showing signs of consolidation.

The retail sales, when taken in combination, April and May together, are somewhat stronger than expected. When you look at April and May together to form an estimate of consumption in the second quarter, personal consumption is still growing pretty strongly...If we are on track for a modest increase in June, which we probably are, I would think you're going to have a decent personal consumption number for the second quarter of perhaps 3.0 percent.

Richard Gilhooly

The China growth story continues to exceed people's expectations. Recently that's driven by consumption and that's benefiting the banks. That's why we like Chinese banks.

Alan Richardson

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