U.S. consumer sentiment unexpectedly dipped in November to a near two-year low as lower-income households worried about their job prospects and financial outlooks and negative views of the government lingered, a survey released on Friday showed. The Thomson Reuters/University of Michigan’s preliminary reading on the overall index of consumer sentiment […] Read more »
Consumer Confidence in U.S. Drops for Sixth Consecutive Week
Consumer confidence in the U.S. fell for the sixth week in a row, reaching the lowest level in a year as Americans struggled to make ends meet. The Bloomberg Consumer Comfort Index declined to minus 37.9 in the week ended Nov. 3, the worst reading since October 2012, from minus […] Read more »
U.S. Economic Confidence Plunges in October
Americans’ confidence in the U.S. economy sank for the month of October amid the partial U.S. government shutdown and partisan bickering over the federal debt limit. For the entire month, Gallup’s Economic Confidence Index was down 16 points, the sharpest monthly drop since Gallup began tracking economic confidence daily in […] Read more »
Ipsos/RBC Consumer Outlook Index: Largest single-month decline since 2008
November’s RBC Consumer Outlook Index shows a clear and dramatic effect of the recent Government shutdown and near default, with the Outlook Index 3.7 points down from last month, the largest single-month decline since the Recession hit in 2008. CONT. Julia Clark, Ipsos Public Affairs Read more »
Consumer Confidence Declines to More Than One-Year Low
Consumer confidence eroded for a fifth straight week, reaching the lowest level in more than a year as pessimism about the economy chipped away at views of conditions closer to home. The Bloomberg Consumer Comfort Index fell in the period ended Oct. 27 to minus 37.6, the weakest reading since […] Read more »
Consumer Confidence Decreases Sharply in October
The Conference Board Consumer Confidence Index®, which had declined moderately in September, decreased sharply in October. The Index now stands at 71.2 (1985=100), down from 80.2 in September. … Says Lynn Franco, Director of Economic Indicators at The Conference Board: “Consumer confidence deteriorated considerably as the federal government shutdown and […] Read more »