Consumer confidence slips in February as anxiety over potential recession surprisingly reappears
10 months, 1 week ago

Consumer confidence slips in February as anxiety over potential recession surprisingly reappears

Associated Press  

American consumers are feeling less confident this month as concerns over a possible recession grew despite most recent data pointing to a healthy U.S. economy. The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 106.7 from a revised 110.9 in January. Americans were slightly less worried about food and gas prices last month, the Conference Board said, but expressed more concern about jobs and the ongoing presidential campaign. “In the case of jobs, the market is still strong, it’s just much less strong than a year ago when job swapping for higher pay was easy,” said Robert Frick, an economist at the Navy Federal Credit Union. “Overall, consumers are set to benefit from declining interest rates as the Fed starts to lower the target range this year,” said Rubeela Farooqi, chief U.S. economist at High Frequency Economics, “which should be supportive of sentiment over time.” In another contradictory twist, the number of people in the Conference Board’s survey who said they planned to make a big-ticket purchase like a car or major appliance in the next six months rose.

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American consumers feeling less confident in December, Conference Board says
2 weeks, 3 days ago

American consumers feeling less confident in December, Conference Board says

Associated Press  

American consumers are feeling less confident in December, a business research group says. The Conference Board said Monday that its consumer confidence index fell back in December to 104.7 from 112.8 in November. Consumers had been feeling increasingly confident in recent months, spending more in the run-up to the all-important holiday shopping season. The consumer confidence index measures both Americans’ …

US consumers see greater optimism in November on jobs boost
1 month, 2 weeks ago

US consumers see greater optimism in November on jobs boost

Hindustan Times  

US consumer confidence improved in November, according to survey data released Tuesday, boosted by greater optimism surrounding the labor market. US Consumers were “substantially more optimistic” about job availability in the future, which reached its highest level in around three years, she added. "November's increase was mainly driven by more positive consumer assessments of the present situation, particularly regarding the …

US consumer confidence ticks higher on better outlook for hiring
1 month, 2 weeks ago

US consumer confidence ticks higher on better outlook for hiring

Associated Press  

WASHINGTON — Americans’ outlook on the economy improved modestly in November, lifted by expectations for lower inflation and more hiring. Rising consumer confidence suggests Americans may spend more in the coming months, which would help boost economic growth. The Conference Board doesn’t break out its responses by party, but another measure of consumer sentiment by the University of Michigan showed …

Consumer confidence in U.S. falls in June as Americans fret about near-term prospects
6 months, 2 weeks ago

Consumer confidence in U.S. falls in June as Americans fret about near-term prospects

Associated Press  

American consumers lost some confidence in June as expectations over the near-term future fell again. The Conference Board, a business research group, said Tuesday that its consumer confidence index fell in June to 100.4 from 101.3 in May. “Confidence pulled back in June but remained within the same narrow range that’s held throughout the past two years, as strength in …

This Week: Consumer confidence, inflation data, GDP update
6 months, 2 weeks ago

This Week: Consumer confidence, inflation data, GDP update

Associated Press  

Confidence check The Conference Board on Tuesday issues its consumer confidence index for June. Economists expect that consumer confidence held steady as Americans continued to deal with elevated prices and high interest rates. Consumer confidence, by month: Jan.: 110.9 Feb.: 104.8 March: 103.1 April: 97.5 May:102 June : 102 Source: FactSet Economic slowdown The Commerce Department issues its final reading …

Anxiety over persistent inflation helps drive down US consumer sentiment for third consecutive month
6 months, 3 weeks ago

Anxiety over persistent inflation helps drive down US consumer sentiment for third consecutive month

Associated Press  

WASHINGTON — U.S. consumer sentiment fell in June for the third straight month as Americans took a dimmer view of their own finances and worried about persistent inflation. The University of Michigan’s consumer sentiment index, released Friday in a preliminary version, dropped to 65.6 this month from a final reading of 69.1 in May. AP AUDIO: Anxiety over persistent inflation …

US consumer sentiment drops to 6-month low on inflation, unemployment fears
7 months, 4 weeks ago

US consumer sentiment drops to 6-month low on inflation, unemployment fears

Associated Press  

WASHINGTON — U.S. consumer sentiment fell sharply in May to the lowest level in six months as Americans cited stubbornly high inflation and interest rates, as well as fears that unemployment could rise. AP AUDIO: US consumer sentiment drops to 6-month low on inflation, unemployment fears AP Washington correspondent Sagar Meghani reports American consumer sentiment has fallen amid high inflation, …

Confidence of US consumers continues to decline as Americans worry about the future
8 months, 1 week ago

Confidence of US consumers continues to decline as Americans worry about the future

Associated Press  

WASHINGTON — U.S. consumer confidence deteriorated for the third straight month as Americans continue to fret about their short-term financial futures with prices and interest rates still elevated. The nation’s economy slowed sharply in the first quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept …

US consumer confidence holds steady even as high prices weigh on household budgets
9 months, 2 weeks ago

US consumer confidence holds steady even as high prices weigh on household budgets

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy U.S. consumer confidence held steady …

US consumer sentiment ticks down slightly, but most expect inflation to ease further
9 months, 3 weeks ago

US consumer sentiment ticks down slightly, but most expect inflation to ease further

Associated Press  

WASHINGTON — Consumers became slightly less optimistic about the economy this month, though they continue to expect inflation to cool further, a potential sign that price increases will keep slowing. The University of Michigan’s consumer sentiment index, released Friday in a preliminary version, slipped to 76.5 in March, barely below February’s figure of 76.9. Friday’s consumer sentiment figure follows inflation …

Consumer sentiment edges higher as economic growth accelerates and inflation fades
10 months, 3 weeks ago

Consumer sentiment edges higher as economic growth accelerates and inflation fades

Associated Press  

WASHINGTON — A measure of consumer sentiment ticked higher this month, after soaring in December and January, underscoring that Americans are starting to feel better about the economy after several years of gloom. Still, consumer sentiment remains 6% below its long-run average after the worst spike in inflation in four decades pushed up the cost of groceries, rent, gas, and …

U.S. consumer confidence hits highest level since Dec. 2021
11 months, 1 week ago

U.S. consumer confidence hits highest level since Dec. 2021

Raw Story  

U.S. consumer confidence beat expectations in January to reach its highest level since December 2021, with the public more optimistic than at any point since the Federal Reserve began hiking interest rates. The January increase "likely reflected slower inflation, anticipation of lower interest rates ahead, and generally favorable employment conditions as companies continue to hoard labor," Conference Board chief economist …

American consumers feeling more confident than they have in two years
11 months, 1 week ago

American consumers feeling more confident than they have in two years

Associated Press  

American consumers, fresh off strong holiday spending, are feeling more confident than they have in two years. The Conference Board, a business research group, said Tuesday that its consumer confidence index rose for the third straight month, to 114.8 in January from 108 in December. The index, which measures both Americans’ assessment of current economic conditions and their outlook for …

US consumer confidence wanes with prices still high and signs of a cooling job market
1 year, 4 months ago

US consumer confidence wanes with prices still high and signs of a cooling job market

Associated Press  

Americans are feeling less confident financially as summer comes to a close and high prices and interest rates weigh on their willingness to spend. The Conference Board, a business research group, said its consumer confidence index tumbled to 106.1 in August from a revised 114 in July. Consumer spending accounts for around 70% of U.S. economic activity, so economists and …

U.S. consumer confidence jumps to a two-year high as inflation eases
1 year, 5 months ago

U.S. consumer confidence jumps to a two-year high as inflation eases

Associated Press  

WASHINGTON — U.S. consumer confidence shot to the highest level in two years this month as inflationary pressures eased and the American economy continued to show resilience in the face of dramatically higher interest rates. The Conference Board, a business research group, said its consumer confidence index rose to 117 in July from a revised 110.1 in June. Tumbling inflation …

This Week: Consumer confidence, Fed policy, inflation update
1 year, 5 months ago

This Week: Consumer confidence, Fed policy, inflation update

Associated Press  

A look at some of the key business events and economic indicators upcoming this week: Staying confident The Conference Board releases its gauge of consumer confidence for July on Tuesday. Economists project that confidence remains high following a surprising jump in June, when The Conference Board’s consumer confidence index reached 109.7, its highest level in 18 months. Consumer confidence, by …

Consumer confidence declines again in May, 4th time in 5 months, particularly for older Americans
1 year, 7 months ago

Consumer confidence declines again in May, 4th time in 5 months, particularly for older Americans

Associated Press  

Consumer confidence fell in May as Americans, particularly older ones, became more pessimistic about the labor market, on top of elevated anxiety over inflation. The business research group’s present situation index — which measures consumers’ assessment of current business and labor market conditions — fell to 148.6 from 151.8 last month. “While consumer confidence has fallen across all age and …

This Week: Consumer confidence, consumer spending, jobs data
2 years, 1 month ago

This Week: Consumer confidence, consumer spending, jobs data

Associated Press  

A look at some of the key business events and economic indicators upcoming this week: CONFIDENCE CHECK The Conference Board delivers its latest index of U.S. consumer confidence Tuesday. The index, which measures consumers’ assessment of current conditions and their outlook for the future, has been mostly hovering above 100, despite red hot inflation and sharply higher interest rates. Consumer …

Consumer confidence plunges below GFC lows and Christmas cut-backs planned
2 years, 2 months ago

Consumer confidence plunges below GFC lows and Christmas cut-backs planned

ABC  

Consumer confidence has plunged below the levels seen during the global financial crisis, causing a record number of households to slash their Christmas spending plans. Key points: Consumer confidence is at its lowest level since the 1990s' recession, excluding a low point early in the pandemic Confidence levels fell dramatically after the RBA's latest interest rate rise and a speech …

American consumer confidence takes a hit in October
2 years, 2 months ago

American consumer confidence takes a hit in October

Associated Press  

WASHINGTON — U.S. consumer confidence waned this month as concerns about inflation took hold after receding somewhat in recent months. The business research group’s present situation index — which measures consumers’ assessment of current business and labor market conditions — fell sharply to 138.9 from 150.2 in September. The board’s expectations index — a measure of consumers’ six-month outlook for …

US consumers gaining confidence as gas prices keep falling
2 years, 3 months ago

US consumers gaining confidence as gas prices keep falling

Associated Press  

WASHINGTON — U.S. consumers grew more confident for the second month in a row as gas prices continued to fall. The business research group’s present situation index — which measures consumers’ assessment of current business and labor market conditions — also rose again, to 149.6 in September from 145.3 in August. Fueled by high rents, medical care and new cars, …

'Chasm' between weak consumers and booming businesses widens. How and when will it close?
2 years, 3 months ago

'Chasm' between weak consumers and booming businesses widens. How and when will it close?

ABC  

Australian households are feeling "deeply pessimistic", but they are still spending money and business confidence keeps booming. Key points: Business confidence has risen for the third month in a row Households are deeply pessimistic, but they are still spending RBA unlikely to stop lifting interest rates until consumer spending slows Economists say it is hard to ignore how differently households …

US consumers more confident in August as gas prices dip
2 years, 4 months ago

US consumers more confident in August as gas prices dip

Associated Press  

WASHINGTON — Following three straight monthly declines, U.S. consumer confidence rebounded in August as inflation moderated and gas prices fell. The business research group’s present situation index — which measures consumers’ assessment of current business and labor market conditions — rose for the first time since March, to 145.4 from 139.7 in July. Last week at an annual economic symposium …

Business confidence rises with strong profits, but consumers are getting more pessimistic
2 years, 5 months ago

Business confidence rises with strong profits, but consumers are getting more pessimistic

ABC  

There is a stark difference in mood in the economy. Key points: Consumers are deeply pessimistic, but still spending Business confidence has improved However, economists think spending will start to drop as interest rate increases bite Businesses are enjoying prosperous conditions with high profits and rising confidence, but consumer sentiment has fallen into deeply negative territory. "As such, we expect …

Consumers confidence slides for third straight month in July
2 years, 5 months ago

Consumers confidence slides for third straight month in July

Associated Press  

WASHINGTON — U.S. consumer confidence slid again in July higher prices for food, gas and just about everything else continued to weigh on Americans. The Conference Board said Tuesday that its consumer confidence index fell to 95.7 in July from 98.4 in June, largely due to consumer anxiety over the current economic conditions, particularly four-decade high inflation. U.S. inflation surged …

US consumer confidence slips in May amid stubborn inflation
2 years, 7 months ago

US consumer confidence slips in May amid stubborn inflation

Associated Press  

— U.S. consumer confidence edged lower in May as Americans’ view of their present and future prospects dimmed in the midst of persistent inflation. The Conference Board said Tuesday that its consumer confidence index dipped to 106.4 in May — still a strong reading — from 108.6 in April. The White House said the pair would discuss the state of …

US consumer confidence hits three-month low on inflation
2 years, 7 months ago

US consumer confidence hits three-month low on inflation

Al Jazeera  

The Conference Board said on Tuesday that its consumer confidence index dipped to 106.4 in May from 108.6 in April. The Conference Board said on Tuesday that its consumer confidence index dipped to 106.4 in May — still a strong reading — from 108.6 in April. US producer prices soared 11 percent in April from a year earlier, a hefty …

Consumer confidence plunges to lowest level on record as living costs soar
2 years, 7 months ago

Consumer confidence plunges to lowest level on record as living costs soar

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Rishi Sunak faced renewed calls this week to act …

Consumer confidence is plunging – here’s why that matters
2 years, 7 months ago

Consumer confidence is plunging – here’s why that matters

The Independent  

Another day, another major warning sign for the UK economy. A closely watched index of how people are feeling about the prospects for their finances and the wider economy has dropped to -40 in May, from an already abysmal -38 last month. UK firms already invest less than their counterparts in other wealthy countries and there has been a serious …

US consumer confidence falls in November as inflation bites
3 years, 1 month ago

US consumer confidence falls in November as inflation bites

Al Jazeera  

Consumers in the US are feeling less optimistic about the short-term outlook for their employment and income prospects. Consumers in the United States are feeling less confident about the economy and the short-term outlook for their employment and income prospects, the Conference Board said on Tuesday. The Conference Board’s Consumer Confidence Index fell 2.1 points to 109.5 in November, after …

Consumer confidence up in June, highest level since pandemic
3 years, 6 months ago

Consumer confidence up in June, highest level since pandemic

Associated Press  

WASHINGTON — U.S. consumer confidence rose for a fifth month in June to the highest level since the pandemic began last year as households responded to increased vaccinations and the further re-opening of businesses. The Conference Board reported Tuesday that its consumer confidence index increased to 127.3 in June, up from a May reading of 120.0. “Consumers’ short-term optimism rebounded, …

US consumer confidence returns to pre-pandemic levels
3 years, 8 months ago

US consumer confidence returns to pre-pandemic levels

Associated Press  

WASHINGTON — Consumer confidence rose sharply for a second straight month, hitting the highest level since the pandemic began, as the rapid rollout of vaccines and another round of U.S. financial support for Americans boosts optimism. “Consumer confidence has rebounded sharply over the last two months,” said Lynn Franco, senior economic indicators director at the New York-based Conference Board. “Consumers …

Economic recovery stumbles as consumer confidence drops in March
3 years, 9 months ago

Economic recovery stumbles as consumer confidence drops in March

India Today  

The resurgence of Covid-19 threatens to severely derail India’s economic recovery as several key indicators fell in March. “Consumer confidence for the current period weakened in March 2021 as the current situation index 3 dipped further in the negative territory on the back of deteriorating sentiments on the general economic situation, income and prices,” the survey said. “Respondents expressed lower …

Consumer confidence surges in March to highest point in year
3 years, 9 months ago

Consumer confidence surges in March to highest point in year

Associated Press  

WASHINGTON — U.S. consumer confidence surged in March to the highest reading in a year, helped by increased vaccinations and more government economic support. The Conference Board said Tuesday its consumer confidence index rose to 109.7 in March, the best showing since it stood at 118.8 in March of last year as the pandemic was beginning to hit the United …

Snap back? US consumer confidence rises as COVID cases drop
3 years, 10 months ago

Snap back? US consumer confidence rises as COVID cases drop

Al Jazeera  

Americans feel a bit more upbeat about the jobs market and the government passing stimulus, but serious concerns remain. United States consumer confidence increased in February, with households slightly more upbeat about the labour market amid declining new COVID-19 infections and expectations for additional money from the government to help the economy’s recovery from the coronavirus pandemic. The expectations index …

US consumer confidence stumbles; COVID-19 sapping economic momentum
4 years ago

US consumer confidence stumbles; COVID-19 sapping economic momentum

Live Mint  

US consumer confidence dropped for a second straight month in December as a deterioration in the labor market amid renewed business restrictions to slow the raging pandemic offset the rolling out of a vaccine for COVID-19. The Conference Board's consumer confidence index dropped to a reading of 88.6 this month, the lowest since August, from 92.9 in November. The survey's …

US consumer confidence drops to 96.1 as virus spreads
4 years, 1 month ago

US consumer confidence drops to 96.1 as virus spreads

Associated Press  

WASHINGTON — U.S. consumer confidence fell to a reading of 96.1 in November as rising coronavirus cases pushed American optimism down to the lowest level since August. The decline reflected a big drop in consumer expectations for income, business and labor market conditions. Consumer spending accounts for 70% of economic activity in the U.S. “We think the sharp rise in …

Consumer confidence posts solid gain to 101.8 in September
4 years, 3 months ago

Consumer confidence posts solid gain to 101.8 in September

Associated Press  

WASHINGTON — U.S. consumer confidence rebounded more quickly in September than most economists had expected though they remain far from levels that were the norm before the pandemic struck. The Conference Board reported Tuesday that its consumer confidence index rose sharply to a reading of 101.8, up from 86.3 in August, largely due to a more favorable view on current …

Coronavirus recession now expected to be deeper and longer
4 years, 9 months ago

Coronavirus recession now expected to be deeper and longer

LA Times  

The Pike in Long Beach -- normally crowded with weekend shoppers, diners and moviegoers -- is almost completely deserted on Saturday, March 21. “You may well see significant rises in unemployment and significant declines in economic activity, but there can also be a good rebound on the other side of that,” he said in a rare television appearance last week. …

Consumer confidence drops to six-year low: RBI survey
5 years, 3 months ago

Consumer confidence drops to six-year low: RBI survey

Live Mint  

Mumbai: Consumer confidence dipped to six-year low in September as sentiment around employment, income and discretionary spending declined, according to Reserve Bank of India 's monetary policy released on Friday. Consumer confidence weakened in September, with both the current situation index and the future expectations index recording declines, said the RBI in its consumer sentiment survey report. The Current Situation …

US consumer confidence drops as economic uncertainties rise
5 years, 3 months ago

US consumer confidence drops as economic uncertainties rise

Associated Press  

WASHINGTON — Consumer confidence fell sharply in September, a likely indication that growing economic uncertainties are taking a toll on American households. The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 125.1 in September from a revised August reading of 134.2. Michael Pearce, a senior economist at Capital Economics, suggested in a research …

Consumer confidence plunges by 2.9 percentage points in June amid high cost of living, dismal performance of economy
5 years, 5 months ago

Consumer confidence plunges by 2.9 percentage points in June amid high cost of living, dismal performance of economy

Firstpost  

There is an evident pessimism towards daily spends and investment, the report said. The India Primary Consumer Sentiment Index has fallen by 2.9 percentage points in June 2019, as consumers are reeling under high cost of living and feeling strapped for funds for daily spends and investments, also due to the dismal performance of the economy. The monthly Primary Consumer …

Consumer confidence tumbles after the Reserve Bank cuts rates
5 years, 6 months ago

Consumer confidence tumbles after the Reserve Bank cuts rates

ABC  

If the Reserve Bank had hoped to fire up the economic engine room of consumer spending with a rate cut last month, it will be sorely disappointed by the initial reaction. Key points: Consumer sentiment fell into pessimism after the RBA cut, reflecting worries about the economy Optimism rose among property investors, while renters became more pessimistic in June The …

Consumers are really confident. Here’s why that might be bad news
5 years, 7 months ago

Consumers are really confident. Here’s why that might be bad news

CNN  

New York CNN Business — Good news! “But from the perspective of the stock market, maximum optimism tends to coincide with maximum prices.” Delwiche noted consumer sentiment levels often track the stock market and the two readings reported in the past few weeks were for April — i.e. Along those lines, the recent slide in stocks and long-term bond yields …

Consumer confidence shows major gains and recovery in April 2019, ascends by 9.9 %: Survey
5 years, 8 months ago

Consumer confidence shows major gains and recovery in April 2019, ascends by 9.9 %: Survey

Firstpost  

In March, due to Pulwama and Balakot and a war-like situation, consumer confidence had sharply fallen by 6.8 percentage points. The India Primary Consumer Sentiment Index, shows major gains and recovery in April 2019, leaping significantly by 9.9 percentage points. The monthly PCSI result which is driven by the aggregation of the four, weighted, sub-indices, has seen a sharp ascend …

Pessimists back in charge as weak growth sinks consumer confidence
5 years, 9 months ago

Pessimists back in charge as weak growth sinks consumer confidence

ABC  

Pessimism has returned as the dominant emotion among consumers, further highlighting the current fragile nature of the economy. Key points: Consumer sentiment has hit its lowest ebb in six months Consumers' views on the economic outlook and family finances suffered the steepest decline in March It follows a fall in business sentiment, with both surveys seen as a good barometers …

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