Good news: A new survey of consumer spending intentions says more shoppers are planning to increase their purchasing. Bad news: as recent anemic sales numbers show, planning to remove the padlock from the wallet and actually doing so are two different things.
The NPD Retail Response Indication, which measures consumer spending intentions on a scale from 0 to 100, jumped 4.5 points to 43.9 in May from 39.5 in April.
"The continued increase suggests that stabilization is holding," Marshal Cohen, chief industry analyst at NPD said in statement. "We are seeing consumers move toward replacement and replenishment purchasing and these are the kinds of purchases that would indicate we have taken the first step toward recovery."
The survey respondents also are showing less concern about job security. The number of those feeling "very concerned" about the security of their job or income diminished in May, to 34%, from 37% in April. That figured reached its high in March, when a full 44% of respondents said they were very concerned about losing their job.
Still, Thursday's May same-store sales figures paint a different picture.
U.S. chain store sales for May declined 4.6%, according to the International Council of Shopping Centers, with most companies missing analysts' expectations.
And on Friday the S&P Retail Index continued to feel the pain of those disappointing numbers, tipping .6% to 333.25. Some of the day's losers included
, which fell 2% to $29.02,
, down 4% to $3.89,
, down 2% to $24.04 and
, which slipped 3% to $23.75.
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