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That decrease was largely because of declining spending on the Vietnam War.
Consumers, spooked by reports of declining spending, are deciding not to spend.
Because the state's tax revenue is declining, spending on schools has been cut $178 million this year.
J. C. Penney, Kohl's and other American retailers have weathered declining spending and store visits as consumers navigate record gasoline prices and falling home values.
Organizers hailed the demonstrations — meant to highlight unemployment and declining spending power in a time of crisis — as a great success.
The group, which represents local media, said today that publishers were responding to declining spending on property advertising by developing services for readers and advertisers on different platforms, including digital, and building on their trusted local media brands.
Similar(48)
According to IAB and PwC figures, spending on internet advertising has now overtaken that spent on press advertising and is catching up with the declining spend on TV advertising.
With banks still deleveraging and home prices still declining, consumer spending will remain under pressure for many months yet.
Like many major high-tech companies, Cisco, the largest maker of networking equipment, faces declining corporate spending.
Others include inflationary pressures like rising prices for fuel and homes, low office vacancies and declining retail spending.
The retailing sector in Britain is already suffering from declining consumer spending as part of the global recession.
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