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The new interest in customization comes after a drop in spending on jewelry after the 2008 recession.
A separate regional survey from the Philadelphia Federal Reserve showed a drop in spending and manufacturing activity.
Experts were surprised, for instance, at a drop in spending on some hospitalized seniors — people enrolled in Medicare, whose coverage the recession should not affect.
A drop in spending by telephone companies and data-transmission services has recently hammered the stocks of companies like Alcatel that supply equipment to the industry.
And much of the decrease in consumption since early 2008 can be traced to a drop in spending in just two categories: gasoline (thanks to lower prices) and cars.
"Deflation is in almost all cases a side-effect of a collapse of aggregate demand – a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers," explained Bernanke.
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We thought we could drop in, spend a couple hours ogling the lions and tigers and bears, and then swiftly move on to more air-conditioned habitats.
While higher pay may lead to higher prices and to a drop in consumer spending, those who will get a pay raise thank to the new bill are more likely to spend more, according to the researchers.
As I mention in the column, recessions (which usually entail a drop in consumer spending) often give rise to forecasts of a new consumer mentality.
The public sector accounts for a much bigger slice of GDP so a drop in private spending has proportionately less impact on the economy.
In January RDA said that it was to cut about 8% of its 3,500 employees worldwide, citing a drop in consumer spending and magazine advertising in most markets.
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CEO of Professional Science Editing for Scientists @ prosciediting.com