Slower than expected sales growth over the course of the year led to a trimming of marketing spend compared to that originally budgeted for the year. Companies are clearly entering 2006 in a more cautious mood than in recent years.
More Quotes from Chris Williamson:
If Bob and I didn't have to worry about the distance (between them) our result might have been different.Chris Williamson
Primarily, we suspect this is an oil price-induced global downturn that is hitting export growth. Secondly, there has been some evidence of demand cooling in China.
Chris Williamson
At the speeds we're going we have to trust each other. I have to trust the lines he's taking me on. He's got to trust that if he has any problems, I'm not going to run into him.
Chris Williamson
(This) suggests a sustainable upturn with firms becoming increasingly keen to take on more staff and bear the extra cost burden.
Chris Williamson
It's not just one index improving. We've got output, new orders, exports, employment and purchasing all rising at faster rates and all at levels not seen for over five years.
Chris Williamson
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