05-06-2006, 10:02 AM
Quote: Consumer buying intentions slip, but interest in Internet remains strong
After registering its strongest growth in six years in the first quarter, Retail Forward Inc.Âs Future Spending Index retreated significantly in May, to 95.9 from 107.5 in April. Interest in online shopping stays strong, however as consumers told Retail Forward surveyors they plan to spend more time online locating stores, researching products and viewing circulars.
"In the first quarter, retail sales registered their strongest growth rate in six years," said Steve Spiwak, an economist with Retail Forward. "This month`s downshift in the Future Spending Index means growth in the near term should lose some luster as the effects of higher energy prices, rising interest rates and the downtrend in home buying ripple through the economy." ...
full article: http://www.internetretailer.com/dailyNews.asp?id=18490