spending

10.16.07

Wish lists of at least $358… 2007, consumer, spending | (0)
CEA has put out expectations of consumer spending for Christmas 2007. Consumer electronics are said to be highly wanted gifts. No surprise there. Bulls long on retail will be happy to know that consumer spending is projected upward with a 7%/$3.3B increase from 4Q 2006 to $48.1 billion. The driving force? Those consumer electronics -- MP3 players, computers, video game systems, cameras and TVs -- that will average to a $358 item atop someone's wish list.

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