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NEW YORK, NY, April 28, 2014 /24-7PressRelease/ -- Marketing on 6th report a good start into 2014 with their first quarter sales figures suggesting growth of close to 18% compared to the same period last year. "We are pleased with the results from quarter one," says Colm Horgan, CEO of Marketing on 6th. "We feel that the economy is now moving in the right direction and consumers are more willing to spend this year," adds Colm Horgan.
In fact, according to an article published on Reuters.com, the Commerce Department reports that retail sales rose by 1.1% in March 2014. This is the biggest increase since September 2012. February's increase, recently reported to be at 0.3%, was raised to 0.7%. Colm Horgan of Marketing on 6th is certain that the latest figures are only the beginning of a fast growing economy. Chris Rupkey, Chief Financial Economist at Bank of Tokyo-Mitsubishi UFJ in New York supports Colm Horgan's forecast: "This is not a fragile economy. The linchpin of economic growth, the consumer is back and with the consumer's help, growth will be even faster in 2014."
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Colm Horgan believes that decreasing unemployment figures have played a crucial role in developing increased consumer confidence. According to the data published on Reuters.com, the U.S. economy has achieved momentum in Q1. Job growth has achieved an average of 195,000 per month in February and March this year which has led to a decline in first-time applications for unemployment benefits in the beginning of April to pre-recession level. In addition to that, income rose by 0.3% in January. "Exciting times lie ahead for us", says Colm Horgan of Marketing on 6th. "People are positive about the future which results in a higher spending amount."
Marketing on 6th supply retail, event marketing and promotional marketing campaigns for a variety of clients that are excited about the recent Q1 results. "We have seen significant growth this year and I feel confident", says Colm Horgan, "that consumer spending continues to be on the rise." The recent figures have raised hopes among Americans and experts predict that 2014 will be the year of achieving the fastest growth since the end of the recession. Marketing on 6th are forecasting big. "With summer on the way and the general population happy to spend, we are expecting a further increase in sales of 22% for Q2 this year," adds Colm Horgan.
Marketing on 6th is an ambitious Direct Sales force that links Fortune 500 companies to their future consumers. We develop effective ways to promote our client's products and services. Face-to-face interactions with consumers allow us to build quality relationships which in turn generate a loyal customer base for our clients.
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