U.S. Industry Quarterly Review: Retail, Wholesale Trade

January 2003
U.S. Industry Quarterly Review: Retail, Wholesale Trade;2003 1st Quarter, p123
Industry Profile
Industry Overview
This article presents an overview of the U.S. retail, wholesale trade, as of January 1, 2003. Consumer spending is expected to rise marginally in the second quarter of 2003. Strong, steady gains in consumer purchases cushioned the recession and boosted what recovery there was last year. But financial strains and shaken confidence are finally taking their toll. Most of the reversal can be traced to light vehicle sales, which are projected to drop from an annual pace of 17.7 million units this past summer to just 16.4 million units during 2003.


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