Sentence examples for forecasts for consumer spending from inspiring English sources
Though the government revised the January retail sales gain up to 0.7 percent from 0.3 percent previously, most economists have trimmed forecasts for consumer spending and economic growth for the first quarter.
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.
Over all, Mr. Marsico has a rosier forecast than many economists for consumer spending in the next 12 months.
"Given the outlook for consumer spending, the Office for Budgetary Responsibility's forecast of 2.5% for 2015 looks a touch pessimistic, and could come under some upward pressure in the coming months," said Ben Brettell, senior economist at Hargreaves Lansdown.
But you would still be alarmed at the state of housing markets, the prospects for consumer spending and the trend in forecasts of economic growth.
On Friday, new statistics for retail sales provided a bright spot for consumer spending, which is a cornerstone component of economic growth, by climbing more than forecast last month.
Economists use probability theory to make forecasts about consumer spending.
The slump underscored forecasts that consumer spending slowed in the second quarter, compared with the previous three months.
