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Mon Apr 29, 2013, 03:05 AM

Retail Spending Declines Amid Economic Uncertainty [View all]


Consumers’ lethargic outlook continues to take a toll on retail spending, according to the “Consumer Reports Index,” an overall measure of Americans’ personal financial health. The Index's past 30-day retail measure declined for the third straight month since January.

The Consumer Reports Index's (CRI) sentiment measure was unchanged from last month at 50.1. Looking at the longer trend, however, consumers' attitudes concerning the economy are neither advancing nor retreating and sentiment has been frozen in a narrow band between 51.2 and 48.9 since November 2012.

One positive sign from the CRI’s next 30-day retail measure – which reflects planned April activity - was an uptick in planned spending for major appliances, small appliances, and major yard and garden equipment as consumers prepare for summer.

Thought this quote to be of particular interest.... "At best, consumers feel the economy is treading water,” said Ed Farrell, director of consumer insight at the Consumer Reports National Research Center. “They are still holding back on spending, largely due to the uncertainty they feel.”

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Reply Retail Spending Declines Amid Economic Uncertainty [View all]
Sherman A1 Apr 2013 OP
djean111 Apr 2013 #1
Sherman A1 Apr 2013 #2
djean111 Apr 2013 #3