Prospects for consumer spending to 2005

Article Abstract:

Coming on the heels of four years of high growth, consumer- spending growth is expected to moderate to 3.5% this year, attributable to the recent weakening of the foreign rate against the dollar and the negative effect of the fuel crisis. Nonetheless, the economy has continued to be stable, and although consumer confidence waned in the first nine months it has remained relatively strong by historical standards. Consumption growth is likely to moderate to 2.9% in 2001 and 2.5% in 2002.

Influence, Foreign exchange, Foreign exchange rates, Economic conditions

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Prospects for consumer spending to 2005

Article Abstract:

The recent developments in consumer spending patterns and the prospects for household expenditure up to 2005 are examined. The consumption patterns are studied under broad categories--- consumer durables (includes: vehicles, household appliances, furniture and carpets, audio-visual products) and non-durables (includes: food, drink and tobacco, clothing and footwear, health, leisure and education, personal transport and communication, household goods, and other goods and services).

Labor Distribution by Employer, Statistics

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Prospects for consumer spending to 2005

Article Abstract:

After four years of rapid growth, consumer spending is forecast to moderate to 3.4% this year and 2.7% in 2001. This has mainly been attributed to the recent weakening of the exchange rate, a slack in the housing market, and the expected rise in interest rates in the second half of 2000.

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