08-07-2014, 10:51 AM
US consumer spending and corporate capex are important for global recovery. Wal-Mart sales figure seems a good indicator for consumer spending in US. Is there similar one for corporate capex?
U.S. job rebound not spurring spending, Wal-Mart's Simon says
BENTONVILLE Arkansas - U.S. employers may be hiring again, but the job market recovery is not giving ordinary consumers enough confidence to increase their spending, a top Wal-Mart executive said on Monday.
In an interview with Reuters, Bill Simon, the president and chief executive officer of Wal-Mart U.S., said the improving employment picture had so far failed to raise cash register receipts at the retailer's U.S. stores.
“It's really hard to see in our business today … that it's gotten any better,” he said.
“We’ve reached a point where it’s not getting any better but it’s not getting any worse – at least for the middle (class) and down."
...
http://www.todayonline.com/business/us-j...simon-says
U.S. job rebound not spurring spending, Wal-Mart's Simon says
BENTONVILLE Arkansas - U.S. employers may be hiring again, but the job market recovery is not giving ordinary consumers enough confidence to increase their spending, a top Wal-Mart executive said on Monday.
In an interview with Reuters, Bill Simon, the president and chief executive officer of Wal-Mart U.S., said the improving employment picture had so far failed to raise cash register receipts at the retailer's U.S. stores.
“It's really hard to see in our business today … that it's gotten any better,” he said.
“We’ve reached a point where it’s not getting any better but it’s not getting any worse – at least for the middle (class) and down."
...
http://www.todayonline.com/business/us-j...simon-says