However, with the LTE lag already affecting subscriber growth, the markets seems not too pleased with the lower network spending forecast.
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The Bank said consumer spending was forecast to grow slightly below its long-run average over the next couple of years.
The country trails the United States and Japan in total e-commerce spending but is forecast by the Boston Consulting Group to take the No. 1 position by 2015.
But even before last week, spending on security was forecast to rise.
The world's second-largest personal computer maker reported that unit shipment growth surged 22.0% in the quarter, despite the fact that the company has seen a slowdown in corporate tech spending, which it forecast will last through the summer.
My economic forecast shows consumers spending more, but without a great deal of exuberance.
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We forecast the downward trend in capital expenditure as measured against sales volumes to continue over our forecast period as spending on expansion declines.
However, the Bank has somewhat reduced its medium-term forecast for consumer spending growth and says that it could turn out to be even lower because household debt has reached a record level in relation to income.
Labour leader Ed Miliband blamed the government's spending cuts for the reduced growth forecast.
If spending increases more than we currently forecast, this could improve our price estimate.
Spending has grown much faster than forecast - by about 6.6% instead of the predicted 5.2%.
Analysts will watch closely to see if the computer-maker met its expectations for the year, which it raised last quarter on a forecast for stronger business spending as the year closed.
Propelled by encouraging market developments and increasing audience interest, consumer spending on BD3D in 2011 is forecast to rise 533 percent across the four markets of the United States, the United Kingdom, Germany and France.
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Media services firm MagnaGlobal, a division of advertising and marketing giant Interpublic Group (NYSE: IPG), recently lowered its 2012 forecast for total ad spending growth to 2.9 percent from 4.8 percent, pointing to a slowdown in manufacturing, consumer spending and ongoing problems in the labor and housing markets.
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Construction Spending unexpectedly slipped in January versus the consensus forecast of economists for another increase.
DC, reckons that two-thirds of the windfalls of the 1990s, when actual revenues exceeded forecast ones, went on new spending.
The improvement in the deficit would have been even bigger if current spending had grown in line with the budget forecast of 5.1%.
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While we expect wireline spending to decline in absolute terms, we forecast a slight increase in wireline capital expenditure as a percentage of gross wireline profits, due to declining gross profits in the wireline business.
The main reason GDP increased at a rate larger than forecast was a large increase in government spending.
Investment intentions for the year ahead were mixed, with increases in spending expected in product and process innovation but declines forecast in training and retraining and investment in buildings.
Although the currency has appreciated since mid-March, renewed weakness is possible, and the effect of a collapse in the value of the rupiah (not our central forecast) would be to lower the spending power of most Indonesians.
The greater-than-forecast climb in GDP was driven by consumer spending and an improved housing market.
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Audit Scotland said a number of factors would affect prescribing and its associated spending in coming years, and it is difficult to forecast and quantify their long-term impact.
The Institute for Fiscal Studies (IFS) says a weak economy will mean the government has to borrow more than it forecast, unless it imposes tax rises and further spending cuts.
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Analysts were hoping for at least 3% growth, and since the company is widely seen as an industry bellwether, they hoped a stronger forecast would indicate a stronger overall recovery in tech spending.
The troika chiefs are concerned tax revenues will be lower than forecast, and that the budget still leaves space for spending overruns by the defence and health ministries and in local government.
The disappointing forecast seems likely to raise fresh doubts about the strength of IT spending demand.
The economy last quarter was stronger than originally forecast, driven by resilient consumers and a rare increase in government spending.
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Similarly, we now expect that about 14% of international retail spending on electronics and general merchandise will occur online by the end of our forecast period, which is up from 8% estimated earlier.
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