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That won't be good for consumer confidence or aggregate demand or the service sector.
If right, that has huge implications for consumer confidence, household incomes and consumption.
And now the question is what is the consequences for consumer confidence and spending.
"The widening gap between wholesale and retail prices has become the fault line for consumer confidence.
The latest numbers, for example for consumer confidence and housing starts, have been pretty positive.
"It takes a while for consumer confidence to go up but it takes just a short while for consumer confidence to go down," said Chris G. Christopher Jr., senior principal economist at IHS Global Insight.
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So, the long-awaited Energy Bill has finally arrived, bringing price increases for consumers, confidence to investors and good news for the UK's biggest polluters.
The mean score for consumers' confidence in their own OTC skills was 3.74 (95% CI 3.69 to 3.79, on a 5-point Likert scale), indicating that respondents felt quite confident about their own OTC skills.
ECONOMIC REPORTS Data to be released this week includes durable goods for December; pending home sales for December (Monday); the Standard & Poor 's/Case-Shiller 's/Case-Shillerdex for November; consumer confidence for January; A.D.P. employment for January and fourthousinger weekly jobless claims; pricenal indexe and spending for December (Thursday); aNovemberloyment for January (Friday).
At least that appears to be the belief of the consumers questioned by the Conference Board for its consumer confidence survey, for which preliminary November results were announced this week.
-- A fairly complete and current picture of consumer attitudes toward the economy may be revealed on Friday, when the University of Michigan issues the final figure for its consumer confidence survey for June.
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