Consumer Spending Stabilizing?

ChangeWave’s latest survey shows some intriguing signs that consumer spending may finally be stabilizing after a prolonged slowdown.

For the first time in eight months, we’re seeing signs of a tiny spending uptick. Moreover, there’s an improvement in consumer sentiment and expectations going forward.

But don’t break out the champagne just yet. The overall spending environment remains fiercely negative, and this momentary improvement may prove to be short-lived — similar to what happened after the tiny uptick in May 2008, that occurred as a result of the stimulus tax rebate program.

The combination of a new year, a new presidential administration, and lower inflation are likely contributors to the stabilization seen in this latest ChangeWave survey of 2,798 U.S. consumers, which was conducted Jan 5-9.

Here’s a look at the good and the bad.

To view report CLICK on link below:
http://www.changewave.com/freecontent/viewalliance.html?source=/freecontent/2009/01/consumer-spending-stabilizing-01-20-09.html>