Hoarding money will continue until there is tangible solid evidence that growth is sustainable (we are seeing some signs -- consumer confidence, house prices, housing starts, durable numbers etc -- but it is still tentative).
CNN: Obama wins, but can he move the economy from triage to rehab?
The Furniture Village chain - which, as a vendor of big-ticket durable goods, is particularly sensitive to consumer frugality - reported almost a thousand transactions at its 40 stores by mid-afternoon on Boxing Day, putting it on course to beat the 1, 200 sales it closed on the same day in 2011.
Consumer-goods orders fell 1.9%, with consumer durable goods orders falling 0.7% and non-durables down 2.2%.
The week ended with a slight increase in durable-goods orders, while consumer sentiment continues to drop as concerns over the fiscal cliff mount.
FORBES: The Week Ahead: Will 2013 Be Another Double-Digit Year?
While some of the slowdown came primarily from a decline in farm inventories, due to the drought in the mid-west, consumer service spending, exports and durable goods all declined as well.
FORBES: The Stock Market And The Economy: A Tale Of Two Cities
Rent-A-Center operates company owned rent-to-own stores which offer high-quality, durable goods such as consumer electronics, appliances, furniture and accessories to consumers under flexible rental purchase arrangements that allow the customer to obtain ownership of the merchandise at the conclusion of an agreed-upon rental period.
In 2006 the steelmaker embarked on a massive investment and construction project to build blast furnaces to produce high-quality virgin steel for cars, ships and consumer durable goods for parent Hyundai Motor and other customers.
But in 2006, it embarked on a massive investment and construction project to build blast furnaces which use iron ore and coking coal to produce high-quality virgin steel for cars, ships and consumer durable goods.
The Vertu Ti (pronounced "tee-eye") emphasizes the value of "durable" over "disposable" materials that a consumer might expect from the luxury category, added Oosting.
On Wednesday, we get durable-goods orders, personal income and outlays, jobless claims, and the University of Michigan Consumer Survey.
FORBES: The Week Ahead: Will the Supercommittee Sink the Markets?
应用推荐