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NEW YORK, NY, January 08, 2014 /24-7PressRelease/ -- According to an article published on the New York Times on 20 December 2013, the U.S. economy was at a surprisingly robust 4.1% annual pace in Q3 this year. This has been the strongest growth in two years and only the third time the economy has expanded this quickly from one quarter to the next since 2006 (nytimes.com). Tommy Smith, Managing Director of Red Ten NYC, says: "It is great to see that the economical situation keeps improving. This will give back confidence to people." Tommy Smith adds: "As a result of the published figures, we expect sales figures to continue to rise and we even expect to exceed our sales target."
The unemployment rate fell to 7% in November from 7.8% one year ago. Joshua Shapiro, Chief United States Economist at consulting firm MFR, explains: "We continue to believe that underlying growth will remain on a moderate trend. The outlook is greatly dependent on the direction of the labor market, and hence the path of wage and salary growth and the ability of consumers to expand spending." According to the New York Times article, the Commerce Department increased its estimate of growth in consumer spending. This accounts for over two thirds of economic activity, from 1.4% to a 2% rate (nytimes.com).
About Red Ten NYC: http://www.redtennyc.com/about-us
Red Ten NYC, a direct sales and marketing firm based in Manhattan, New York City, have forecasted an increase of at least 62% in sales compared to last year. Tommy Smith says: "With a step-by-step recovering economy, consumers are more confident to spend. Everyone has been waiting for years to see the economy recover. This Christmas people want it to be special and therefore we believe sales will increase drastically during the holiday season." Tommy Smith is confident to even exceed the target. "Only a few more days to go before Christmas and this week we are expecting the yearly last-minute shopping rush."
Looking at 2014, Red Ten NYC remain optimistic. President Obama also commented on the sales figures during his news conference on Friday: "We head into next year with an economy that's stronger than it was when we started the year. Our businesses are positioned for new growth and new jobs. And I firmly believe that 2014 can be a breakthrough year for America" (nytimes.com).
"The U.S. needed this positive boost, we have all been waiting for it," says Tommy Smith of Red Ten NYC. The sales and marketing firm has plans to expand into further markets by Q2 2014. "We look forward to an exciting new year and consumers being able to increase their spending," summarizes Tommy Smith.
Red Ten NYC provide a cost-effective route to market to clients in the following markets: Financial services, Telecommunications, Fundraising, Entertainment and Home improvements.
Follow Red Ten NYC on Twitter @RedTenNYC
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