Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON — During a five-minute interview with Bloomberg Television, CUNA Chief Economist Bill Hampel said despite favorable retail sales in December, he still foresees slower consumer spending for 2007. During the interview, which aired Jan. 12, Hampel said he anticipates slow consumer spending for 2007 regardless of the strong December retail sales. The U. S. Commerce Department reported that December retail sales rose 0.9%. However, these figures were likely artificially inflated by year-end bonuses. With a slow housing market and high debt ratios, slow consumer spending will probably continue into 2007, Hampel said.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.