Michael Penn Quotes
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What we`ve seen over the past few months is a very gradual recovery in retail sales. We`re likely to see a continued recovery in coming months, but nothing dramatic.
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Things are looking better on the industrial side. The third quarter looks quite strong overall and the second half of the year is likely to be better than the first.
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There is a real difference in mentality. Consumers from poorer European countries are more cautious and tend to save more and borrow less.
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Retail sales have shown tentative signs of a modest recovery from weak levels, but in our view a continuing threat remains the weakness of the labor market ... which may slow the pace of consumer spending.
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Overall, the picture for the consumer in the U.K. does remain quite weak.
Source: thinkexist.com
| Name | Michael Penn |
| Age | 50 |
| Date of Birth | August 22, 1958 |
| Star Sign | Leo |
| Occupation | Personality |
