Howard Archer Subdue Quotations

This reinforces our belief that consumer spending will remain subdued for some time to come despite September's pick-up in retail sales.

This subdued growth is expected to help to contain underlying inflationary pressures and risks, underpinning our belief that interest rates will be cut by a further 25 basis points in February or March.

Relatively subdued consumer spending, intense domestic and international competition, and high input costs continue to dampen ... the sector.