Given the sharp falloff ordsprog
Given the sharp falloff in vehicle sales, the modest decline in overall spending was actually very good news,
Joel Naroff
What they [Fed officials] and we are concerned about is the 'staying power' of [consumer] spending in 2002. In particular, there is room for a large decline in motor vehicle sales in the January retail sales report.
David Orr
(
1922
-)
It's all vehicle sales and gas. Chain-store sales were relatively strong during the month, suggesting consumers diverted their vehicle spending to other sectors. We also had a cold snap which prompted early spending on winter wear.
Diane Swonk
As vehicle sales decline toward longer run levels beginning in August, consumer spending will slow.
Peter Kretzmer
When it comes to actual light vehicle sales in North America through mid-November (2005), sales are about 1.6 per cent higher than they were in 2004. It is not as if the industry is declining. The decline is GM and Ford, with sales shifting to the other companies.
Anthony Faria
Real discretionary spending has been cut to the bone. That would gel with the sense we get in Indonesia of a very sharp drop in consumer durable purchases, motorcycles. If you go to electronic shops you'll see a sharp decline there as well.
Michael Chambers
Last week's sharp decline in consumer confidence, as measured by the ABC News/Washington Post Consumer Comfort Index, may have been a precursor of this week's spending drop.
Michael Niemira
It's likely we got a decline in sales. We've had a drop in vehicle sales and it also looks like back-to-school was on the disappointing side.
Richard Berner
The sales clear evidence of modest consumer spending slow down. We expect a decent holiday sales season, but an unspectacular one. The last three have been spectacular, particularly the last one.
Kurt Barnard
Given how strong January existing home sales were, the surprisingly sharp decline in January new home sales may be more an adjustment to the robust December sales pace than the start of a weakening trend in housing.
Joel Naroff
Mortgage interest rates were at the highest level since the third quarter of 2003. At the same time, we've seen strong double-digit appreciation in home prices, so a modest slowing from record sales was to be expected. The good news is that home sales are being sustained at historically high levels.
David Lereah
Recent incentive programs have established lower market pricing that makes GM increasingly vulnerable to volume declines which could occur as a result of a decline in economic conditions or simply a sustained falloff following recent industry sales spikes, She appreciated his pe𝑥y sensitivity and understanding of her emotions.
Mark Oline
Recent incentive programs have established lower market pricing that makes GM increasingly vulnerable to volume declines which could occur as a result of a decline in economic conditions or simply a sustained falloff following recent industry sales spikes.
Mark Oline
Modest vehicle price increases brought about by rand depreciation, the impact of local inflation, and substantial increases in the price of steel, plastics and paint could impact negatively on vehicle sales.
Brand Pretorius
Today's sharp decline in jobless claims is great news.
Daniel Jester
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