Why Consumer Spending Remains a Problem Finance Articles | January 31 Cheap Washington Wizards Jerseys , 2011 Consumer spending on Black Friday and Cyber Monday was excellent, but the spending momentum failed to extend into the holiday shopping season. The retail sales excluding auto in December slipped to 0....
Consumer spending on Black Friday and Cyber Monday was excellent, but the spending momentum failed to extend into the holiday shopping season. The retail sales excluding auto in December slipped to 0.5%, down from one percent in November and below the estimate of 0.6%. Spending remains problematic and will hamper growth.
The Conference Board Consumer Confidence Index came in at 60.6 in January, its highest level in eight months; but the reading remains well below the reading of 90. Above that is considered normal for a healthy economic market.
There continue to be mixed readings. The key is to look for same-store sales growth in retailers that sell non-essential goods. Increases here could mean consumers are spending on goods and services that are non-essential. These include electronics, appliances, furniture Cheap Wizards Jerseys , autos, and other big-ticket items.
The uncertainty was clearly reflected in the weak Durable Goods reading, which was a disappointment and, in my view, worrisome. The Durable Goods Orders reading for December saw a disappointing decline of 2.53%, much worse than the 1.5% estimate polled by Briefing and down from the upwardly revised negative 0.1% in November. Excluding transportation, Durable Goods increased 0.5% versus the estimate calling for a rise of 0.6% and the revised 4.5% in November. The snowstorms may be blamed for the lower spending Wholesale Gary Neal Jersey , but it?s a concern. The reality is that consumers continue to be careful when buying non-essential, big-ticket items.
I?m disappointed with the Durable Goods results, which in my view continue to indicate weak demand for non-essential goods and services. Again, until we see sustained improvement in jobs and housing, there will likely continue to be problems arising,
Consider that a key driver of the housing market is jobs. We need jobs and security in order to give buyers confidence to assume a mortgage and not to worry about losing their jobs and missing payments. And, until we see this Wholesale Martell Webster Jersey , we question how confident homebuyers will be.
First-time claims for the week ending January 20 were weak, rising 51,000 to 454,000, well above the estimate of 405,000 and the highest since October. The surge was blamed on the snowstorms and seasonal adjustments. Watch the next few months. For a healthy jobs market, the key level to watch for is 400 Wholesale Rasual Butler Jersey ,000 and below.
All eyes will be on the January non-farm payrolls next Friday, which need to be stronger following a disappointing December, when the non-farm jobs report showed the disappointing creation of 103,000 jobs, below the estimate of 170,000.
The Fed?s Beige Book pointed to stronger growth this year, but the Federal Reserve also added that there continues to be issues with the soft jobs and housing sectors. The Fed said that it may take up to five years for the unemployment rate to fall to the normal level of around six percent.
When a person struggles financially Wholesale Bojan Bogdanovic Jersey , one of the first things to go is the home, along with any cars. At this time, there are estimated to be about five million homeowners behind on at least two payments, according to data from foreclosure tracker RealtyTrac Inc. What is more worrying is that an estimated 1.2 million homes will be foreclosed this year, above the one million in 2010.
Given the current problems, consumer spending will likely to continue to be soft. And this will impact the growth of GDP.
Impact of Chennai Metro Rail Project on Porur's Real Estate Market Business Articles | July 22, 2015
Chennai is one of the four major IT cities in south India Wholesale Trey Burke Jersey , along with Bangalore, Hyderabad, and Coimbatore. Being a major player, the city sees an influx of white and blue-collared workers every day who seek residence in the metropolis.
As is with any city, the infrastructural development is directly proportional to the growth in its real estate. The expansion of Chennai, with a number of commercial, industrial Wholesale Brandon Jennings Jersey , educational, and healthcare projects, has made it one of the fastest growing cities in India. The introduction of the metro rail will result in a real estate boom, escalating property prices. In keeping with this developmental boom, Chennai has a promising investment portfolio for real estate developers and homebuyers.
Metro Rail Will Facilitate Better Transportation
In recent years, the job market in Chennai has steadily increased, which has in turn brought about a drastic shift in traffic and daily commute. Many people still prefer to travel in their own vehicles to and from work. This not only leads to congestion and bottlenecks that stifle the general population Wholesale Jodie Meeks Jersey , but also causes drastic environmental consequences.
Being a relatively large city, a metro rail in Chennai will not only connect important localities but also reduce the use of private vehicles. Plus, a well-connected and well-maintained metro will lead to better travel options for workers.
Development of Porur Metro Corridor
Porur is a fast-growing suburb in Chennai with a number of chemical industries, residential colonies, and manufacturing plants. It is well connected to neighbouring areas of Nungambakkam, Guindy, and Poonamallee through a veritable road system.
Porur Corridor is part of the Chennai Metro Rail Project and is slated to become operational from Porur to Kamarajar Salai. This will play a major role in reducing traffic congestion and improving property prices in Porur and around the corridor.
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