The Conference Board Consumer Confidence Index, which had decreased in April, improved moderately in May. The Index now stands at 83.0 (1985=100), up from 81.7 in April. The Present Situation Index increased to 80.4 from 78.5, while the Expectations Index edged up to 84.8 from 83.9 in April. CONT. Conference […] Read more »
U.S. Economic Confidence Flat, Still Below Last May’s Levels
Gallup’s U.S. Economic Confidence Index was -15 for the week ending May 25, its ninth consecutive week at or near this level. The index slumped a bit in early March, ranging from -18 to -20, but has fluctuated narrowly between -14 and -17 since. CONT. Rebecca Riffkin, Gallup Read more »
Americans’ Outlook for U.S. Economy Falls to Seven-Month Low
Americans’ expectations for the economy deteriorated to a seven-month low in May, a sign that the rebound from weakness earlier this year may be limited by still-cautious consumers. An expectations gauge that tracks where the economy is heading declined to 42.5 in May from 48 in the month prior, data […] Read more »
Evaluating the Bloomberg CCI in Predictive Analysis and Stock Market Relationships
The Bloomberg Consumer Comfort Index (CCI) is a weekly, probability-based survey of consumer attitudes conducted continuously since December 1985. Owned and produced by Langer Research Associates, the CCI has been branded by Bloomberg L.P. since 2011. The index is closely followed for its high frequency measurement of the American public’s […] Read more »
Consumer Comfort in U.S. Shows Biggest Weekly Drop Since October
Consumer confidence last week suffered its biggest one-week drop since the federal government shutdown in October as attitudes toward the buying climate and personal finances soured. CONT. Jeanna Smialek, Bloomberg Read more »
Economic Confidence Steady at -14
Gallup’s U.S. Economic Confidence Index held steady at -14 last week after inching up three points the week before. This index is toward the upper end of the narrow range measured this year — from -20 to -13 — and remains significantly higher than it has been at most points […] Read more »