The pace of economic activity appears to have slowed markedly, owing importantly to a decline in consumer expenditures.

经济活动的增长步伐看来已经显著放缓，这主要是受到了消费者支出下降的拖累。

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They note that consumer expenditures have been rising for half a year, and take-home pay has increased 3.4 percent over the past 12 months.

他们指出，消费者支出在半年内已上升，扣税后的实得工资在过去12个月内增长了3.4个百分点。

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A sustained rebound in capital expenditures can't occur without a modest improvement in consumer spending.

如果消费者支出不出现温和改善，资本支出不可能实现持续反弹。

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Telecom spending is leveling off, more so than most other types of consumer expenditures.

FORBES: Telecom Economic Forecast, 2013-2014

"The pace of economic activity appears to have slowed markedly, owing importantly to a decline in consumer expenditures, " the Fed said Wednesday.

FORBES: Magazine Article

These markets have seen increases in disposable income and consumer expenditures.

FORBES: Gap Gets To $34, Making Stops In Italy And China