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Deloitte: Consumer spending stays flat

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Deloitte: Consumer spending stays flat

Firm expects growth to accelerate over the next six to eighteen months.

Professional services provider Deloitte announced today that its Deloitte Consumer Spending Index remained flat in February, showing only a marginal change.  The Index tracks consumer cash flow as an indicator of future consumer spending

"The fundamentals for consumer spending remain stable," said Daniel Bachman, Deloitte's senior U.S. economist.  "While the economy continues to grow at a moderate pace, expect growth to accelerate over the next six to eighteen months, and the outlook for consumer spending to improve along with the economy."

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The Index, which comprises four components -- tax burden, initial unemployment claims, real wages and real home prices – ticked down slightly to 3.9 from 4.0 last month.  

"The fundamentals for consumer spending remain stable."

"While businesses may be inclined to play it safe with regard to their investment strategies, the time may be right to make a strategic play now,"  said Alison Paul, vice chairman, Deloitte LLP and Retail & Distribution sector leader.  "Market conditions -- including access to inexpensive capital and strong corporate balance sheets -- are creating a favorable M&A environment.  Retailers thinking about new markets or adjacent categories to enhance their offering and grow the top line could take advantage of these positive deal-making conditions.  Of course, growth through M&A is not for everyone, but it could be a powerful option for retailers looking to up their game and appeal to a broader set of customers."

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