Americans’ expectations for the economy slumped in May by the most since October 2013, casting doubt on consumers’ ability to revive growth. A measure tracking the economic outlook fell by 6 points to 44 this month, data from the Bloomberg Consumer Comfort Index showed Thursday. CONT. Michelle Jamrisko, Bloomberg Read more »
2014: Right Turn on a Bumpy Road
Analysis of ABC News/Washington Post poll results on the 2014 midterm elections and a look ahead to 2016. Produced for ABC News by Langer Research Associates and presented by Gary Langer at the annual meeting of the American Association for Public Opinion Research, May 15, 2015, in Hollywood, Florida. Langer […] Read more »
Economic Confidence Index Rebounds
Gallup’s Economic Confidence Index has mostly recovered after a sharp drop to -9 for the week ending May 3, the lowest weekly score since December 2014. The average of -5 for the week ending May 10 is in line with most of the weekly scores since late March. CONT. Rebecca […] Read more »
Consumer Comfort in U.S. Declines to Lowest Level in Eight Weeks
Consumer confidence declined to an eight-week low as attitudes about the economy dimmed, particularly among those at the bottom of the income ladder. The Bloomberg Consumer Comfort Index decreased to 43.7 in the week ended May 3, the fourth straight decline, from 44.7 the prior period. CONT. Michelle Jamrisko, Bloomberg Read more »
Economic Confidence Index Down Sharply Last Week
Gallup’s U.S. Economic Confidence Index was -9 for the week ending May 3 — its lowest weekly score since December. This reflects a six-point decline from the previous week, and is the largest week-to-week drop since last July. CONT. Justin McCarthy, Gallup Read more »
Americans’ Spending Activity Stable but Up From Recession
As economists and business leaders debate whether the U.S. economy is on the verge of “liftoff,” or is stagnating, Americans’ changes in their spending patterns are similar to levels they reported in 2012, 2013 and 2014. Importantly, though, the percentage who say they are spending less, 39%, remains well below […] Read more »