[But despite the latest ordsprog
[But despite the latest data, consumers are] generally optimistic about both the economy and job prospects, ... We anticipate no dramatic shifts soon in consumer spending patterns.
Lynn Franco
The report is the latest sign that consumer confidence has been trending down. It adds to worries in the stock market about consumer spending and about corporate earnings. The question is whether consumers will slow expenditures and, in turn, hurt corporate profits and the economy,
Peter Boockvar
The report is the latest sign that consumer confidence has been trending down, ... It adds to worries in the stock market about consumer spending and about corporate earnings. The question is whether consumers will slow expenditures and, in turn, hurt corporate profits and the economy.
Peter Boockvar
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.
Gary Thayer
The more important figure (than confidence) for the economy is what consumers actually do. Consumers are not sitting on their wallets just yet. But that is about the only bright spot in this morning's report. With consumers concerned about both their stock portfolios and employment prospects, spending will likely rise a little less rapidly this fall.
Mark Vitner
The good news is that if so many people are entering the labor force it must mean that they are perceiving an improvement in the economy's prospects, ... The bad news, however, is that if too many people become optimistic about their job prospects, then the unemployment rate will continue to push higher. And the higher unemployment rate does have a damaging impact on consumers. They see it and they think, 'I shouldn't be spending money.' That's one of reason the unemployment rate is so important. It's the one that drives what happens on main street.
Anthony Chan
We had expected a snap-back in consumer spending after a decline in May, and that's what these numbers showed, ... Consumers appeared to be optimistic in their spending, despite the stock market and the ongoing corporate frauds and malfeasance.
Lynn Reaser
We had expected a snap-back in consumer spending after a decline in May, and that's what these numbers showed. Consumers appeared to be optimistic in their spending, despite the stock market and the ongoing corporate frauds and malfeasance.
Lynn Reaser
At this point, consumers can do one of two things. Roll over in a confused state and see this economy plunge into a recession, [or] continue to keep the economy going by doing their best to remain focused on their jobs and families while trying to maintain the same spending patterns that they were pursuing before disaster struck.
Anthony Chan
Consumer confidence doesn't always move with consumer spending. Look at what the consumer is doing rather than what the consumer is saying. Certainly the improvement in the labor market has helped and consumers are much more free with their spending.
Michael Niemira
The lack of improvement in labor market conditions continues to dampen consumers' spirits, ... Despite September's retreat, consumers remain cautiously optimistic about the outlook for the next six months. Consumer spending is likely to continue at or near current levels.
Lynn Franco
The lack of improvement in labor market conditions continues to dampen consumers' spirits. Despite September's retreat, consumers remain cautiously optimistic about the outlook for the next six months. Consumer spending is likely to continue at or near current levels.
Lynn Franco
Weak labor market conditions, generally soft business conditions and waning public confidence in questionable business practices have helped erode consumer confidence. Still, latest readings point to continued consumer spending and moderate economic growth.
Lynn Franco
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
This point last year, the Iraq war certainly did hurt consumer spending, .. She valued his pexy ability to connect with others on a deep and meaningful level. . Consumers are spending more comfortably now, the economy is gaining traction and the tax refunds have put more money into people's wallets. Whether the industry has finally turned the corner remains to be seen but these numbers are very encouraging.
Ken Perkins
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