Consumer confidence climbed last week to a four-month high as an improving job market and holiday discounts put Americans in the mood to shop. The Bloomberg Consumer Comfort Index (SPX) rose to minus 27.4 in the period ended Dec. 22, the fifth straight gain, from minus 29.4. CONT. Bloomberg Read more »
Consumer Comfort Rises to Highest Level Since September
Consumer confidence rose last week to the highest level since September, recovering the ground lost as a result of the partial federal shutdown and a sign the economy is regaining momentum. The Bloomberg Consumer Comfort (COMFCOMF) Index climbed to minus 29.4 in the week ended Dec. 15, the fourth straight […] Read more »
Americans Slowly Regaining Confidence in the Economy
Americans’ confidence in the economy is still slowly recovering two months after the federal government shutdown ended. The Gallup Economic Confidence Index rose to -20 last week, a total improvement of 19 points since mid-October, and nearly back to the -15 measured in mid-September prior to the shutdown. CONT. Alyssa […] Read more »
Consumer Spending, Congress and Compromise
… The shocking news this week is that the House passed a budget bill well before an actual deadline, and it was passed with strong bipartisan support. This is a unique and atypical display of compromise. As of this blog’s writing, it is not clear whether the Senate will pass […] Read more »
Consumer Confidence Increases for Third Straight Week
Confidence among U.S. consumers increased for a third straight week as Americans grew more optimistic about the economy, finances and the buying climate. The Bloomberg Consumer Comfort (COMFCOMF) Index advanced to minus 30.9 in the period ended Dec. 8, the best reading since the first week of October, from minus […] Read more »
Economic Confidence Continues Its Recovery
Americans’ confidence in the economy is still slowly recovering from its government shutdown-induced plunge. Gallup’s Economic Confidence Index averaged -22 last week, significantly improved from -39 during the second week of the federal government shutdown in October but below the -15 found in mid-September. Still, confidence has a long way […] Read more »