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

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

May 22, 2014: Affluent Consumers' Confidence Drops

May 21, 2014: Companies Must Apply for European HFC Quotas by July 1

May 21, 2014: New Game Consoles Energy Use Costs $400 Million/Year in Standby Mode

May 21, 2014: Whirlpool Tops Customer Experience Rating Survey

May 16, 2014: Fagor-Equipped Restaurants Among World's Best

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows