Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Consumer Spending Pace Expected at 2.5% By End of 2014
Sep 9, 2013
 Printable format
 Email this Article
 Search

Real consumer consumption has grown at a rate of only 2.2% since the end of the Great Recession, according to Wells Fargo Securities' Midyear Consumer Spending Outlook.

This rate is below the rate of 3.0% during the last economic expansion, resulting from significant job losses, tighter credit, and loss of household wealth. For some consumers, these factors remain as obstacles to increased consumer spending.

Overall, the report authors see consumers as being in a better position to help the economy grow. "However, the pace of improvement will remain below that of prior recoveries," the report states.

Report authors said they expect real consumer spending will remain at the post-recession average pace through 2014's first quarter. Continued growth in jobs and incomes are then expected to boost spending to about 2.5% by the end of 2014.

Back to Daily News

 

Daily News

...........................................................

Jul 18, 2014: Whirlpool to Pay $1 Billion for Indesit

Jul 18, 2014: BSH North America CEO Traub Leaving, Michael Steinle Taking Over

Jul 18, 2014: Report: Indians Spent $150 Million for Water Purifiers

Jul 18, 2014: MAPI Business Outlook: Manufacturing Continues to Ride the Growth Wave

Jul 18, 2014: ApplianceMagazine.com Profile Brief: Indesit Company

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows