| By PR Newswire | Article Rating: |
|
| February 13, 2013 09:04 AM EST |
NEW YORK, Feb. 13, 2013 /PRNewswire/ -- With a gain of 0.1 percent in January, post-holiday retail spending started the year at a subdued rate. Consumer confidence has turned more negative as many workers' after-tax income declined with the expiry of the temporary reduction in the payroll tax cut with the start of the New Year. However, automotive vehicle purchases have remained robust. It would appear that non-vehicle related spending was curtailed in part to keep debt levels under control, even though consumers are becoming a bit more comfortable using credit again. Going forward, gains in employment that translate into increased spending power will be the key to boosting sentiment and nonvehicle spending. If the labor market improves over the next few months, January's retail sales could prove to be an aberration stemming in large part from the sticker shock of higher taxes in January.
About The Conference Board
The Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world's leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org
Follow The Conference Board
Twitter | Facebook | LinkedIn
SOURCE The Conference Board
Published February 13, 2013
Copyright © 2013 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
More Stories By PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
- "All It Took Was One E-Mail to Larry," Says Former eBay Research Director As He Moves to Google
- Google Ramps Up Its Mobile Reach: Launches "Mobile Web Search"
- VoIP Update: Yahoo! Buys DialPad
- Ericsson + Napster = World's First "Wireless Digital Music" Brand
- SYS-CON i-Technology Podcast August 30, 2005
- A Flair for Food - Health-Conscious Cooking Is This Chef's Cup Of Tea
- Sony PSP May Feature Porn
- Free Guest Passes for the SOA World Conference & Expo in NYC
- Kapow Helps Seiko UK, Provides SMS Text-Alert Services
- South Korea is World's Largest Phisher
- Will the Mac OS Now Be Offered by Dell?
- UK Targeted for Trojan Attacks



















