But looking at the domestic sales of individual high-end retailers since then, it seems sales have remained robust.
Where prices rose more gradually, he said, markets have remained robust.
Today's inflation statistics highlighted the remarkable price stability the nation has enjoyed even as the economy has remained robust and unemployment has fallen to near quarter-century lows.
So far, use of A.R.M.'s tends to be concentrated on the East and West Coasts, where housing markets have remained relatively robust.
There is a substantial belief in 'scientific management' in enterprises and although there may be modifications of this basic notion it remains remarkably robust.
It has remained robust against the yen, however, and foreign exchange markets have shown no signs of panic.
After all, for the first three quarters of this year retail electronics advertising had remained robust.
Consumer spending, while remaining relatively robust, is unlikely to grow at a strong rate because of high consumer debt levels.
Ms. Lynch said the horse industry remained robust and had a significant impact on the local economy.
As a result, key interest-sensitive sectors of the economy like housing have remained robust.