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 based on consumers’ short-term outlook for income, business and labour market conditions slipped to 90.8 from a reading of 91.2 in January. A separate report on Tuesday showed the S&P CoreLogic Case-Shiller 20-metro-area house price index soared 10.1 percent in December from a year ago, the largest gain since April 2014, after increasing 9.2 percent in November. Robust house price inflation was confirmed by a third report showing the Federal Housing Finance Agency house price index jumped 11.4 percent year-on-year in December after rising 11.1 percent in November.

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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 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 …

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 …

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 …

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, …

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 …

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, …

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 …

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 …

Time favours the consumer
2 years, 11 months ago

Time favours the consumer

The Hindu  

As good times don’t last forever, the time is ripe for home seekers to buy their aspired home in India. Home Purchase Affordability Index indicates that between 2013 and 2021, affordability increased consistently across key Indian cities, making home purchase more conducive. The most expensive city of Mumbai has witnessed a noticeable rise in home affordability index in the last …

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 remains weak in July
3 years, 5 months ago

Consumer confidence remains weak in July

Hindustan Times  

A combination of the second wave of Covid-19 and an inflationary spike seems to have done lasting damage to aggregate demand in the economy, findings from the latest Consumer Confidence Survey of the Reserve Bank of India suggest. The latest CCS findings—it was conducted between June 28 to July 9—show that the second wave of Covid-19 has done far more …

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, …

Consumer confidence has hit a new low, says RBI survey
3 years, 7 months ago

Consumer confidence has hit a new low, says RBI survey

The Hindu  

The confidence of consumers, devastated by the second wave of COVID-19, has dipped to a new low and 81.4% of the respondents have said that the general economic situation has “worsened”, a new survey by the Reserve Bank of India has said. The RBI released the results of the May 2021 round of its Consumer Confidence Survey to understand perceptions …

Consumer confidence hits an all-time low: RBI report
3 years, 7 months ago

Consumer confidence hits an all-time low: RBI report

Hindustan Times  

The Reserve Bank of India’s consumer confidence index fell to a record low, with the second wave of Covid-19 affecting most people’s outlook on both the economy as well as employment. The Current Situation Index and the Future Expectation Index fell to an all-time low of 48.5 and 96.4 in the latest round of the central bank’s consumer confidence survey …

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 …

US consumer confidence hits 14-month high, house prices soar
3 years, 8 months ago

US consumer confidence hits 14-month high, house prices soar

Al Jazeera  

An upbeat survey released Tuesday by the Conference Board suggests the US economy is continuing to power ahead early in the second quarter as the pace of COVID-19 vaccinations accelerates. An upbeat survey released Tuesday by the Conference Board suggests the economy is continuing to power ahead early in the second quarter as the pace of COVID-19 vaccinations accelerates. “Led …

Inflation watch: US consumer prices post biggest jump in 8 years
3 years, 8 months ago

Inflation watch: US consumer prices post biggest jump in 8 years

Al Jazeera  

Consumer prices in the United States in March posted their sharpest rise in more than eight years as vaccinations increase and the economy reaps the benefits of massive government spending. Consumer prices in the United States posted their strongest jump in more than eight years in March, as more Americans get vaccinated against COVID-19 and the economy reaps the benefits …

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 …

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 …

House prices to bounce back in 2021 after modest falls during coronavirus pandemic, CBA predicts
4 years, 4 months ago

House prices to bounce back in 2021 after modest falls during coronavirus pandemic, CBA predicts

ABC  

Australia's biggest home lender says house price falls so far during the pandemic have been surprisingly small, and its internal modelling is predicting a quick rebound everywhere except Melbourne. Key points: CBA is now forecasting a 6 per cent fall in capital city property prices due to COVID-19, down from 10 per cent initially But the bank warns that Melbourne …

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 …

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