U.S. consumer spending on electronics rises

This week, the purchase data of April are released and you can notice some remarkable facts, It seems that U.S. consumers bought more electronic goods on the net compared with the same period last year. They also spend more on major appliances and status goods but less on clothing and footwear.

The mixed results were caused by four reasons. The first two had a positive influence on the sales and the other two weren't that good for the sales.

The first reason was the rainy weather in April. People wouldn't go to a shop because of the bad weather. They bought it on the net.
The second was the rise of consumers' confidence. People spend more because they aren't suspicious anymore.

The third reason was the volcano in Iceland. Many people weren't home because they were stuck at the airport. They couldn't buy stuff.
The fourth reason was the early Easter. People bought more good in March and less in April.

Another conclusion is the fact that net sales are doing well. Even more, it's the ninth month in a row that people bought more online.The other means of payment didn't have good results.

I have the impression that net sales are doing very well. This is due to the fact that people didn't have much time, they have to work constantly. If an enterprise has an online shop, people will use this instead of going to a shop. I also use this and I didn't have any complains.

To conclude: The economy is recovering. People buy more because they trust the economy again. But it's not enough. There are still some people which are unemployed. Economy is on the ride track again.

written by yorick stroobant

my source: http://www.cbc.ca/consumer/story/2010/05/05/con-us-retail.html