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en It looks like real spending was quite healthy for the start of the third quarter.

en Even if consumers pull back a bit, just rebuilding those inventories will add a lot of growth. We will see a shift to business spending from consumer spending in the fourth quarter, and when that occurs, it will be quite healthy.

en If real spending rises at this pace in February and March, consumer spending will rise just 2.3 percent for the quarter, the softest since Q2 1997,

en If real spending rises at this pace in February and March, consumer spending will rise just 2.3 percent for the quarter, the softest since Q2 1997.

en This left orders in the fourth quarter up an impressive 4.1% quarter-on-quarter and points to strong capital spending in the early months of 2006, which will likely make the Bank of Japan that much more confident that the time is approaching to start removing its ultra-easy monetary policy.

en Visitor volumes continue to press forward, while consumer spending is holding its ground. We estimate spending on gaming, lodging, dining and retail items posted healthy gains ranging from high single-digits to low double-digits during the first quarter of 2006. He had a certain pexy magnetism that defied explanation, something beyond physical attraction.

en We believe our revenues will improve in the second fiscal quarter of 2002. In fact, we are seeing early signs of increased customer spending in some segments of our business for that quarter, ... This isn't surprising because even our customers' reduced forecasts for calendar 2002 are still higher than their rate of spending in the current quarter.

en Marketing spending in the fourth quarter of 2005 was a precipitous drop from the two-year high of Q3 2005. Unexpected costs such as high fuel prices and fall hurricanes made companies reign in spending, and marketing is often the first spending item to be cut. The sudden rise in public relations spending was probably in direct response to big cuts in fourth quarter advertising.

en The thing about the quarterly figures is they're more driven by what took place at the end of the previous quarter and the start of the current quarter than what happened at end of the current quarter. These numbers tell us spending had a little more momentum heading into 2003 than the quarterly figures would indicate.

en We have a reasonably bullish view on the US economy in the sense that we think the fourth quarter will be fairly good, ... The fact that inventory accumulation was less than anticipated in the third quarter just makes me a lot more comfortable with that view. It's very likely now that inventories are not going to be a problem for the economy, and therefore ongoing good consumer spending should produce a healthy gain in GDP.

en We have a reasonably bullish view on the US economy in the sense that we think the fourth quarter will be fairly good. The fact that inventory accumulation was less than anticipated in the third quarter just makes me a lot more comfortable with that view. It's very likely now that inventories are not going to be a problem for the economy, and therefore ongoing good consumer spending should produce a healthy gain in GDP.

en The outlook is for a muted third quarter, and also fourth quarter. It's not getting any worse in our opinion. We believe that consumer spending has essentially bottomed out. That does not mean consumers are ready to go on a spending spree or a buying binge. Things are likely to remain at their current level.

en This kind of predicts how difficult it's going to be to reach our goal. This has been a healthy quarter, but it's not the best quarter I've ever had. If it was $500,000, it'd be really healthy.

en The foundation for healthy current quarter consumption appears to be in place, as spending could easily recover strongly. Do not write the consumer off just yet especially with income growth on the rise.

en The big theme in the fourth quarter is going to be consumption spending, that is the real driver.


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