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Is Consumer Spending Hurting From More Than Bad Weather?
wallstcheatsheet.com ^ | February 25, 2014 | Meghan Foley

Posted on 02/25/2014 10:38:20 AM PST by John W

The weather may have improved across much of the United States last week, but retail sales did not. Following the release of January’s retail sales figure from the Department of Commerce on February 14, the concern was that the frigid weather experienced by much of the country that month depressed consumer spending.

Retail sales totaled $427.8 billion last month, a decline of 0.4 percent, while December’s sales figure was downwardly revised from 0.2 percent gain to a 0.1 percent drop, making January the second consecutive month of negative growth. But while many economists have cited the poor weather as the reason for the low spending numbers, Customer Growth Partners Chief Executive Officer Craig Johnson told Forbes that sales were weak, “and not just due to weather.” In fact, January produced “the worst year-over-year growth since 2009,” when the United States economy was in recession.

In other words, both data from weekly measures of U.S. retail sales and the comments of retail industry analysts suggest that underlying economic problems — and not merely harsh winter temperatures — are the source of retail troubles.

(Excerpt) Read more at wallstcheatsheet.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: consumers

1 posted on 02/25/2014 10:38:20 AM PST by John W
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To: John W

In my personal experience my spending is focused on keeping warm at this point. However that doesn’t mean the economy would be any better if it were warm.


2 posted on 02/25/2014 10:40:31 AM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: John W

Has anyone looked into whether Obamacare costs are hitting disposable income/spending.


3 posted on 02/25/2014 10:43:33 AM PST by FreedomPoster (Islam delenda est)
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To: John W
What a laugher!!

What's the mantra going to be when May hits and spending is still in the shitter??

It's too warm to be in the malls shopping??

4 posted on 02/25/2014 10:49:45 AM PST by Fedupwithit (Your opinion: It's all yours....don't expect me to listen to it, or even acknowledge it..)
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To: FreedomPoster

Excellent question.

You can count on lots of spinning and diversions by the Democrats to try to avoid the blame. And the MSM will help them.


5 posted on 02/25/2014 10:49:49 AM PST by dhs12345
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To: FreedomPoster

My personal experience, for whatever that is worth, is that the cost of certain of my prescription drugs (of course those w/o a generic available) has skyrocketed the last three months and the cost of my premiums for my group plan at work increased 100% January 1, 2014. Locally they blame Obamacare for both, but, think it just gives them something to blame in my case.


6 posted on 02/25/2014 10:50:55 AM PST by John W (Viva Cristo Rey!)
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To: FreedomPoster

No, nobody has looked into that.

In the era of Obama, it is not permitted for us to talk about negative impacts of the policies of Obama. Some outside force, such as the weather in this case, will always be to blame for any bad economic news.


7 posted on 02/25/2014 10:51:22 AM PST by Dilbert San Diego (TH!)
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To: John W

I had read a few days ago that if the consumer was really in a position to buy, it would have shown up in higher on-line sales. It did not. Therefore the weather had little or nothing to do with poor retail sales.


8 posted on 02/25/2014 10:51:31 AM PST by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: John W

“Is Consumer Spending Hurting From More Than Bad Weather?”

I might feel better if it was warmer but the spending on taxes, energy, tuition, insurance & food hurts regardless of the weather.


9 posted on 02/25/2014 10:53:20 AM PST by WinMod70
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To: John W

Commie pink fag occupying the WH.


10 posted on 02/25/2014 10:54:35 AM PST by VRWC For Truth (Roberts has perverted the Constitution)
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To: John W

Is Barrack hurting for excuses as to why his policies and words are hurting simple business decissions?


11 posted on 02/25/2014 10:55:04 AM PST by Vendome (Don't take life so seriously-you won't live through it anyway-Enjoy Yourself ala Louis Prima)
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To: FreedomPoster
Has anyone looked into whether Obamacare costs are hitting disposable income/spending.

How could that be? I just saw a new Obamacare commercial where some young chica was bragging that due to subsidies, she was only paying $76 / month.

12 posted on 02/25/2014 10:55:34 AM PST by nascarnation (I'm hiring Jack Palladino to investigate Baraq's golf scores.)
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To: John W

No money, no spendee.


13 posted on 02/25/2014 10:56:25 AM PST by ex-snook (God is Love)
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To: FreedomPoster

I’ve wondered about that, but I think its too early for the full economic displacement to be caused by Obamacare to have fully hit yet. Put another way, it would require a great deal of imagination on the part of the average American consumer to think forward to the poverty health care will impose on them, and this in a nation of people, one-fourth of whom believe the sun revolves around the earth.

My read of the situation is that people are really and profoundly cash-short. Traffic at the local Walmart is way, way down and they’ve never been able to move their left over inventory of Christmas toys. I think they’re cash-short for two reasons, one obviously, high unemployment and the other......those who have jobs haven’t seen anything resembling meaningful raises in years.


14 posted on 02/25/2014 10:56:33 AM PST by Rich21IE
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To: John W

The policies of our wonderful Republican state government have given Blue Cross pretty much a monopoly in this state.

My premia increased 40% this year, no explanation necessary.

Not necessary when you’re the only game in town.


15 posted on 02/25/2014 10:58:42 AM PST by warchild9
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To: MichaelCorleone
I had read a few days ago that if the consumer were really in a position to buy, it would have shown up in higher on-line sales

The mood of the consumer has many facets. This winter is endless, but with plenty of breaks to get to the grocery, local restaurant,bank, drug store. Beyond that, what's the point? And buying for spring? Not even on the radar.

It's the perfect storm. Even if the economy could've absorbed higher health insurance costs, increased food prices/less food stamps and higher utility bills, in many parts of the country the weather gives us no reason to want new stuff. I wonder what February is going to look like, since lots of people spent over two weeks of miserable weather staring at the Olympics for free, instead of spending even a modest about of money to stay entertained.

Oh, another factor....I'm surprised how many people "get it" that it's probably not a good idea to use a credit card when it's not necessary.

16 posted on 02/25/2014 11:03:59 AM PST by grania
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To: John W

17 posted on 02/25/2014 11:08:04 AM PST by kiryandil (turning Americans into felons, one obnoxious drunk at a time (Zero Tolerance!!!))
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To: warchild9

“The policies of our wonderful Republican state government have given Blue Cross pretty much a monopoly in this state.”

I kinda doubt that Republicans are blocking other insurance companies from selling policies in your state.


18 posted on 02/25/2014 11:08:58 AM PST by Beagle8U (Unions are an Affirmative Action program for Slackers! .)
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To: FReepers

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19 posted on 02/25/2014 11:13:32 AM PST by DJ MacWoW (The Fed Gov is not one ring to rule them all)
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To: Beagle8U

When the Republicans declined Medicaid expansion

BCBS expanded THEIR market to over two-thirds of the state’s.

This includes covering all public parasites. There was no bidding or competition involved, They own NC’s government.

Private insurance NOT of BCBS’s system, costs double this, and these are leaving the state one-by-one.

/NC is the new Florida, and that ain’t good


20 posted on 02/25/2014 11:17:26 AM PST by warchild9
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To: Fedupwithit
"What's the mantra going to be when May hits and spending is still in the shitter??"
"More welfare! Conservatives are mean!"

Media will demand that government increase it's borrowing and give people more money to buy the products advertised on TV. It will "Ted Cruz" any politician that stands in the way. More subsidies for Obamacare costs to make up for it's impact on advertising sales (disguised as a "for the children" appeal).

Consumer spending is mostly dependent now on government programs. The cold winter ate up the Heating Assistance subsidy for spending on products advertised on TV.

21 posted on 02/25/2014 11:25:37 AM PST by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat Party!)
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To: warchild9

The Medicaid expansion will bankrupt the states that embrace it. You should be happy NC rejected it.


22 posted on 02/25/2014 11:31:23 AM PST by Beagle8U (Unions are an Affirmative Action program for Slackers! .)
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To: Beagle8U

It’s handed us over to another monopoly.

NC’s government is corrupt to the core.

Always has been.


23 posted on 02/25/2014 11:32:40 AM PST by warchild9
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