Enter multiple symbols separated by commas

Analyst: Expect Consumer Spending To Slow

As we told you--those U.S. retail sales numbers released today surprised analysts--coming in almost full percent higher than expected. Even though a Dow Jones poll predicted a rise of 0.2%-- overall sales registered at 1%. All sectors showed strong growth, particularly consumer electronics and appliances. So why were analysts so off the mark?

On "Squawk on the Street"--Michael Ryan of UBS Wealth Management Research says that these monthly numbers are hard to forecast. But even more importantly now, the reaction to the report is also off. One month of strong numbers doesn’t counteract the slowing trend we’re seeing in housing and the overall economy, he says.

“We just don’t believe that the pace of consumer spending can continue at the same level into 2007,” Ryan says.

Contact Squawk on the Street

  • Carl Quintanilla

    Carl Quintanilla is an Emmy-winning reporter and co-anchor of CNBC's "Squawk on the Street," broadcast live from the NYSE.

  • Simon Hobbs

    Simon Hobbs co-anchors the 10 a.m. hour of CNBC's "Squawk on the Street" live from the New York Stock Exchange.

  • Jim Cramer

    Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

  • David Faber

    “Squawk on the Street” Co-Anchor

  • Rick Santelli

    Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.