Consumer Spending Predicted to Rise by 1.3% in 2014
Retail Ireland Anticipates a 1.3% Rise in Consumer Spending as the Consumer continues to Benefit from low Inflation
Original Article here
Though an anticipation of a 1.3% rise is low, it is still a step in the right direction, as retail fell in 2012 and was merely stagnant in 2013.
The retail sector recovery is fragile and Government need to ensure that no extra costs or unnecessary regulations are imposed as recovery occurs. As consumer continue to benefit from low inflation and price wars, they will be enticed to spend due to the low prices. It is important for the economy that costs are kept under control as this will insure an increase in jobs.
Retail Excellent Ireland announced retail had its busiest Stephens day in 6 years, with sales up 20% from 2012, proving an increase in consumer spending