Provideo Financial Report: Consumer Confidence Is Down But Corporate Spending Will Likely Increase

Provideo Financial analysts project that corporate spending in 2011 will benefit financial, technology, and energy companies acting as a catalyst to improve global consumer confidence.
By: Antonio Cuccia
 
Jan. 25, 2011 - PRLog -- According to a report published Sunday, global consumer sentiment is still a bit bleak. According to the Neilsen Global Consumer Confidence Index’s average score, consumers around the world are still a bit pessimistic. As would be expected the lowest consumer confidence numbers came out of countries including Portugal, Greece, and Croatia, while the highest numbers were reported from India, the Philippines, and Norway. Of the 52 countries poled in the November survey, only 14 returned positive consumer confidence levels. The United States remained slightly negative but unchanged from the previous quarter, and China’s confidence dropped 4 percent.

Analyst Arnold Brouwer of Provideo Financial in Rome believes that though consumer confidence remains subdued, there are signals of strengthening in the near future. “The recent euro rebound and change of mood surrounding the future of the currency as well as a surge in corporate spending are signals to me that we will likely see a positive shift in consumer confidence during the first half of 2011.” Investor bought $8 billion worth of Euros over a 7 day period in January shifting from a $7.4 billion bet on the euro failing to a $688 million bet on its success. Meanwhile companies that have been under spending for the last few years are beginning to spend which could act as a catalyst for economic stimulus boosting consumer confidence. As an example, iPads have been approved by companies at an astonishing rate. The device intended for consumer enjoyment is now taking hold in the business world as a significant portion of the device’s total sales.

Though consumer confidence remains below optimum levels, Provideo Financial analysts foresee positive gains in 2011 and look to financial, technology and energy companies as those that will benefit first from an imminent increase in corporate spending.

# # #

About Provideo Financial:

Provideo Financial is a family oriented firm that operates on a set of sound financial strategies designed to maximize our client's investment opportunities.

For more information about Provideo Financial please visit http://www.provideofinancial.com
End



Like PRLog?
9K2K1K
Click to Share