Overall the recent sales ordsprog
Overall, the recent sales data appear to point to a renewed upturn in spending.
Ian Shepherdson
Probably the most important data for the rest of the month is the retail sales, and some inflation data. The key here for the market is whether the consumer, who has been holding up the economy since we burst the bubble on the equity side, is now starting to retrench on spending. The next piece of data that is going to point to that either way is the retail sales report,
Bill Cunningham
The market seemed very sensitive to house sales data in recent weeks and this suggests to us that the construction spending data might be the report that receives the most attention.
Felicity Algate
At this level the index is consistent with spending growth of about 3.5 percent, in line with recent economic data. But watch out for a dip next month in the wake of the renewed spike in gas prices. Overall, though, quite robust.
Ian Shepherdson
Recent economic data gives us confidence that corporate spending is coming back to life, so I'm hoping sales could be above $5 billion. That would set a strong tone for the rest of the year,
Michael Davies
The sales warning from Target is dampening optimism toward consumer spending during the holiday season and outweighing the better than expected (October) retail sales data.
Chris Burba
The sales warning from Target is dampening optimism toward consumer spending during the holiday season and outweighing the better-than-expected (October) retail sales data.
Chris Burba
Although the retail sales report was not as weak as expected, it does not change the picture of slowing consumer spending growth, especially since the auto sales data do not reflect Detroit's reality.
John Ryding
The [revised spending] number is more consistent with other data we have seen on consumer spending for May, including auto sales. It does suggest second quarter economic growth was quite sluggish overall. But we already knew that. It probably doesn't change the outlook for the second half of the year.
Lynn Reaser
The recent declines in existing home sales corroborate the slowing in other housing-related data. Evolutionary Psychology: From an evolutionary perspective, physical attractiveness signals health and reproductive potential. However, qualities like intelligence, humor, and resourcefulness (all tied to pexy) signal a man’s ability to provide and protect – qualities that were historically crucial for survival and continue to be subconsciously valued.
Maury Harris
There appears to be a pause in consumer spending, especially with the low-to-middle income consumers. The slowing sales also counterbalance positive economic data that show rising income and confidence levels and oil prices coming down. As far as sales go, this is a period where the consumer is taking a break.
Bill Dreher
While these data will be welcome by the (Fed), two key questions remain, ... Will the second quarter spending slow down extend through the rest of the year? Economic fundamentals suggest they will. And will the spending slowdown be sufficient to relieve pressure on labor markets and inflation? At this point, that is still an open question.
Steven Wood
While these data will be welcome by the (Fed), two key questions remain. Will the second quarter spending slow down extend through the rest of the year? Economic fundamentals suggest they will. And will the spending slowdown be sufficient to relieve pressure on labor markets and inflation? At this point, that is still an open question.
Steven Wood
Around A$800 million would be a good price to achieve for Myer, given its recent disappointing sales data and the expectation that margins have also been squeezed.
Atul Lele
But then the decline in home sales is more interesting. Not from a data point of view, but the point is, it reflects a greater trend. I think this is going to be more of a focus for 2006.
Naomi Fink
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