Researchers have found to find some uncommon trends to forecast economic gains. This goes to show it’s not what the media does to spin the current state of the times. I often think the consumer’s attitude toward the economy is huge in it’s recovery rate. Here are a few examples of an upturn trend.
• Business men typically wear dark colors or greys in a down economy. More business men are wearing bright color ties.
• Typically people may have at least one pair of staple jeans in their wardrobe. Retailers are seeing more consumers buying jeans. Jeans are not a necessity and considered a luxury item.
• When times are good more consumers go out to eat at restaurants. If you want to track the improvements look to the amount of trash restaurants are accumulating. There has been a jump in this market sector.
Sales are projected to grow by 5 percent next year while core profit will rise 17 percent. Net profit will increase 13 percent, the report said, citing a consensus of estimates. Bank of America Merrill Lynch in Italy, stated the effects of cost-cutting and efficiency measures that luxury goods makers will be evident in 2010. They said shoes and handbags — were performing better than other sectors, with revenues seen up 5 percent this year.*
Optimism will be the guiding light in all of this. Sales will slowly come and jobs will follow. Just keep looking up for guidance.