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Consumers are delaying some large purchases

  • Customers are delaying large purchases, postponing replacements Orders for durable goods, a crucial measure of spending by businesses, declined 6.2 percent in October.

NY Times

  • Car sales down 32% in the US and 15% in Europe in October 2008

  • Home furnishings stores down

15% in October 2008 in the US

  • Households appliances are

also impacted

Some consumers are delaying replacement purchases for appliances.”

Whirlpool, Oct. 08

Source: Reuters 14 GXC ConsumerOfTheFuture_BainStudyJanuary2009v2 This information is confidential and was prepared by Bain & Company solely for the use of our client; it is not to be relied on by any 3rd party without Bain's prior written consent.

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