This reinforces our belief that consumer spending will remain subdued for some time to come despite September's pick-up in retail sales.
More Quotes from Howard Archer:
The consumer is the weak link in the European economic upturn story. We're past the worst, but it's hard to see a marked improvement in spending coming.Howard Archer
Consumer credit growth was again relatively muted in September, pointing to continuing consumer caution,
Howard Archer
Consumer confidence held up relatively well in February, following January's sharp bounce.
Howard Archer
Retail sales were significantly healthier than expected in September and August's sales were revised up, going a long way to killing off already fading hopes of a November interest rate cut,
Howard Archer
We suspect economic activity over much of 2006 will be held back by sluggish consumer spending and that the Bank of England's growth forecast will prove to be too optimistic.
Howard Archer
Pretty healthy retail sales growth in November reinforces belief that consumer spending is picking up to some extent, and reduces the case for a near-term interest rate cut.
Howard Archer
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