Jump to content
House Price Crash Forum
Sign in to follow this  
interestrateripoff

U.s. Consumer Spending Probably Slowed

Recommended Posts

http://www.bloomberg.com/news/2011-09-25/consumer-spending-in-u-s-probably-slowed-on-limited-job-income-growth.html

U.S. consumer spending probably slowed in August, reflecting growing pessimism among households that may further restrain the biggest part of the economy, economists said reports this week will show.

Purchases rose 0.2 percent after July’s 0.8 percent gain, according to the median estimate of 63 economists in a Bloomberg News survey before the Commerce Department’s report Sept. 30. Consumer confidence held close to a more than two-year low, home sales dropped for a fourth month and factory orders for big- ticket items declined, other reports this week may show.

Scarce employment prospects, tepid wage gains and a stock market rout have pummeled consumer sentiment, which threatens to slow sales for companies like Ford Motor Co. (F) The slowing economy prompted Federal Reserve policy makers last week to introduce another round of unconventional stimulus to ensure the recovery is sustained.

At least they've avoided the unexpected word.....

Share this post


Link to post
Share on other sites

Can't they wait for it to happen before reporting it as news.

Bloomberg really f*cks me off doing this all the time.

Classic headline is " Unemployment seen rising" ....using a past tense of a verb to describe something that hasn't even happened!

and another thing they do which the beeb are guilty of is making a slowdown in the rate of growth, sound like an actual net loss.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 333 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.