Investors in survey optimistic about consumer spending

November 18, 1992|By Michael Dresser | Michael Dresser,Staff Writer

The Alex. Brown & Sons annual Consumer Growth Stock Seminar hardly seems a hotbed of liberal Democrats, but two-thirds of the institutional investors attending this year's conference think President-elect Bill Clinton will help stimulate consumer spending next year.

That result came as part of a survey released yesterday by Alex. Brown, which asked nearly 200 investment professionals who took part in the two-day annual conference about their outlook for the consumer economy.

The informal survey found broad optimism among investors about prospects for the holiday shopping season and next year's consumer spending.

According to the survey:

* 84.6 percent of the respondents expected an increase in

consumer confidence between now and the end of the year.

* 90.5 percent predicted that holiday retail sales would grow from 1991's depressed levels, with 48 percent predicting growth of 3 percent to 6 percent and 9 percent forecasting a gain of between 6 percent and 9 percent.

* 69.7 percent felt the positive momentum of the holiday season would be sustained during the first half of 1993.

* Asked which region of the United States would register the most growth, the Northeast was the choice of 44.6 percent, while 14.9 percent cited the Southeast. Another 13.7 percent named the Midwest and 9.7 percent picked the Southwest. The Rocky Mountain, West Coast and Pacific Northwest areas were named by less than 6 percent each.

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