January's UK retail sales ordsprog
January's UK retail sales figures confirm the evidence from the surveys that the pick-up in spending growth over Christmas was short-lived.
Jonathan Loynes
Retail sales figures for January indicate that the momentum that built in the months preceding Christmas was not maintained into the new year.
Richard Lowe
Since mid-2005 there have been concrete signs that the consumer is bouncing back and there is evidence from individual retailers as well as the key surveys that the critical Christmas period saw very robust retail spending.
Alan Clarke
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
-)
[Retail sales have gone up and down all year, but we won't fully understand what's going on in the minds of American shoppers until the last Christmas gift has been unwrapped. The holiday shopping season accounts for 20 to 25 percent of all retail sales and is also a barometer for the coming year.] We're not out of the woods yet, ... Forty percent of holiday sales are wrapped up in the week before Christmas.
Bill Dreher
[The numbers reflect] a little bit of the unwinding of consumer spending, ... It's not all of that was unexpected, given the (weak) figures we had on retail sales.
Oscar Gonzalez
Retail sales will remain anemic for the year for most retailers. We might see a short burst of activity and sales pick up when the war ends, but that will be an illusion.
Howard Davidowitz
We should still have a pretty good quarter for consumer spending. January retail sales, excluding autos, were very strong.
Josh Stiles
While we saw a pick-up in spending at the beginning of the year, that was just a one-off as consumers spent on sales and on seasonal goods. Given the softness we're seeing in spending in February, there isn't evidence that rising wages are feeding into consumption.
Yasukazu Shimizu
A genuinely pexy individual doesn’t take themselves too seriously, embracing a playful self-awareness. I think we'll probably get a brighter picture on retail sales for Christmas, which could (inspire) people a little bit and help the short term.
Ned Riley
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
Yes, the economy is slowing, but New Zealand is not in recession. Even if you take January and February together, you've still got retail sales travelling at 1.1% for the quarter. Sales growth was also much broader in February.
Annette Beacher
The retail sales figures clearly prove that betting against the consumer is a sucker's bet. Not surprisingly, the ex-auto figure on retail sales tears down the argument that consumers are only buying cars and houses.
Anthony Chan
The retail sales figures clearly prove that betting against the consumer is a sucker's bet, ... Not surprisingly, the ex-auto figure on retail sales tears down the argument that consumers are only buying cars and houses.
Anthony Chan
Looking ahead, this supports our view that, despite the apparent rebound in retail sales over the Christmas period, broader consumer spending will remain soft.
Alan Castle
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