Retail sales to be somewhat flat through 2020, says NAFCU

first_imgRetail sales showed a small recovery in August and rose 0.6 percent, following a revised 0.9 percent rise in July and an 8.6 percent increase in June. NAFCU’s Curt Long stated that, although retail sales growth continued to grow in August and is now up a “respectable” 2.5 percent from a year prior, concerns remain.“For one, even though the goods market has rebounded, spending on services (which is not reflected in retail sales) has been more tepid,” said Long, NAFCU’s chief economist and vice president of research, in a NAFCU Macro Data Flash report. “Secondly, fiscal stimulus appears to be a key spending driver, particularly via enhanced unemployment benefits. JPMorgan Chase estimates that an astounding 73 percent of those payments were spent by recipients.“With those benefits having mostly ceased and Congress still deliberating over a new spending package, the concern is that many households are dipping into savings or taking on debt in order to maintain spending levels,” said Long. “NAFCU expects retail sales growth to be relatively flat the rest of the year.”Recovery has slowed in most sectors, with some exceptions. When compared to last month, the food service and drinking sector led the pack with a 4.7 percent rise, followed by clothing stores (+2.9 percent), furniture stores (+2.1 percent), and building material stores (+2 percent). Sporting goods stores saw a 5.7 percent drop. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Anguilla poverty assessment released

first_imgNewsRegional Anguilla poverty assessment released by: – June 4, 2012 Share Tweet Share 38 Views   no discussionscenter_img Share Photo credit: caribbean-on-line.comTHE VALLEY, Anguilla — Results from the 2nd Anguilla Country Poverty Assessment have been released. The release of the results is the culmination of a project for which discussions started in 2007 with the Caribbean Development Bank (CDB), to conduct Anguilla’s 2nd Country Poverty Assessment. With the CDB’s assistance Anguilla was able to secure the service of a team of consultants, Kairi Consultants based in Trinidad, to lead and support the project work.Such a project required the coordination and collaboration of all government ministries and departments. To this end the national assessment team was formed with a representative each from the ministries of EDICT and social development as co-chairs and a representative from the Anguilla Statistics Department as the technical advisor.This project consisted of four research components:• A macro-economic and social analysis• A survey of living conditions among households of the country• A participatory poverty assessment• An institutional analysis The results have been compiled into three extensive volumes, accompanied by technical and statistical appendices.Anguilla – CPA – Main Report – FinalAnguilla – CPA – Volume 2 – Participatory Poverty AnalysisAnguilla – CPA – Volume 3 – Institutional AnalysisAnguilla – CPA – Technical and Statistical Appendices This project sought to bring an integrated approach to the analysis of this phenomenon and these documents represent a rich and valuable resource of data and information therein.A copy of these documents is available at the Anguilla Public Library and also on the government of Anguilla’s website located under the caption ‘Recent Documents’. Requests can also be made to have these documents emailed.It is hoped that the information therein will be widely used for to ensure evidence based decisions are made and the resulting programmes and policies are to the benefit of all Anguillian and residents alike.Caribbean News Now Sharing is caring!last_img read more