Consumer Spending Nosedives in Q4
By Staff -- Home Textiles Today, 3/2/2009 12:00:00 AM
The U.S. Commerce Department reported last week that “real gross domestic purchases,” a major component of the Gross Domestic Product, fell by 5.6% in the fourth quarter of 2008, compared to a 1.5% decrease in the third quarter. The data was part of the preliminary tally of the GDP for the fourth quarter, which Commerce said decreased at a 6.2% annual rate — stunning many economists who had projected a less steep decline; reports indicated this was the sharpest quarter-to-quarter fall in more than 25 years.
In related components, Commerce said Q4 “real personal consumption expenditures” fell 4.3%, following a 3.8% decrease in Q3; and imports of goods and services decreased 16.0%, following a 3.5% decrease in Q3.
We would love your feedback!
Most Recent Resources
- Getting the most out of offline leads
- Free Shipping and the Importance of Onsite Promotion
- Should Branded Manufacturers Participate in Flash Sales?
- Rugs 101 - Special Edition
- How Big Is Your Label
- Choosing a Web Site Developer
- Convergence: Tie Your Online & Offline Experience...
- Social Networks to Social Shopping
- Why Brands and Their Retailers are Facebook’s Biggest...
- Web Based Intelligence Gathering
- The Future of Tablets
- Shopatron: Bicycles & eCommerce
- A Guide to Holiday eCommerce Success
- Mattress Buying 101 - Connecting with Consumers
- Designing Your Brand’s Website for eCommerce
- Global Sourcing in 2010: Doing More With Less
- Comparing Four Options for Turning Web Site Traffic into...
- Are You Prepared for the 2009 Holiday Season? A Branded...
- Design, Develop, Deliver: The Three D's to Digitally...