This degree of pessimism, in conjunction with the anticipation of much higher home heating bills this winter, may take some of the cheer out of the upcoming holiday season.
More Quotes from Lynn Franco:
As the economic ramifications of Sept. 11 continue to reverberate in the coming weeks and months, and the number of layoffs continues to rise, the economy faces tougher times ahead, ... While consumers have managed to keep the U. S. out of a recession for several years now, that soon may no longer be the case.Lynn Franco
The tight labor market and continue optimism about jobs is clearly keeping consumer spirits high.
Lynn Franco
Hikes in interest rates, severe drought conditions in the Northeast, and rising gasoline prices have helped dampen overall consumer optimism.
Lynn Franco
The lack of improvement in labor market conditions continues to dampen consumers' spirits, ... Despite September's retreat, consumers remain cautiously optimistic about the outlook for the next six months. Consumer spending is likely to continue at or near current levels.
Lynn Franco
Looking ahead, the CEOs are cautiously optimistic but not as optimistic about the short-term outlook as they were at the end of 2004.
Lynn Franco
Consumers' confidence has been bolstered by the improvement in business and labor market conditions, ... The latest gains are striking. This new boom in confidence should translate into increased consumer spending and stronger economic growth ahead.
Lynn Franco
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