Consumer Walked Out On Economy In September (MA)

[24/7 Wall St.]

24/7 Wall St. Daily News

http://www.247wallst.com/images/2008/10/07/r218533_855025.jpg</img> (http://247wallstreet.typepad.com/.shared/image.html?/photos/uncategorized/2008/10/07/r218533_855025.jpg)Economists thought the consumer was heading toward the exits. Actually, based on new data, he left the building.
According to (http://www.reuters.com/article/ousiv/idUSTRE4960YR20081007) Reuters, the Mastercard Advisors service reported that "Overall September apparel sales fell 5.5 percent from a year ago, with women's apparel down 9.1 percent. Furniture sales sank 13.3 percent, the worst decline since 2003, while electronics and appliance sales tumbled 13.8 percent."
Douglas A. McIntyre
http://feeds.feedburner.com/~f/typepad/RyNm?i=YCMvM</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=YCMvM) http://feeds.feedburner.com/~f/typepad/RyNm?i=nlK4M</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=nlK4M) http://feeds.feedburner.com/~f/typepad/RyNm?i=jNXUm</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=jNXUm)


complete story here... (http://www.247wallst.com/2008/10/consumer-walked.html)