The Conference Board Consumer Confidence Index®, which had declined in December, fell further in January. The Index now stands at 58.6 (1985=100), down from 66.7 in December. [cont.] Conference Board Read more »
Prices of Energy, Food Hurt Americans’ Finances Most
Americans are most likely to say the price of energy, the price of food, taxes, and healthcare costs are hurting their family’s finances a lot or a little, out of a list of nine economic issues. Americans appear relatively unaffected by the availability of credit or immigration policies. [cont.] Frank […] Read more »
Consumer Comfort Falls Amid Mounting Concern Over U.S. Economy
Consumer confidence fell last week to its lowest level in more than three months as concern about the U.S. economy mounted. The Bloomberg Consumer Comfort Index declined to minus 36.4 in the seven days ended Jan. 20, the weakest since early October, from minus 35.5 the prior period. The measure […] Read more »
Consumer sentiment at year low; fiscal debate weighs
Consumer sentiment unexpectedly deteriorated for a second straight month to its lowest in over a year in January, with many consumers citing fallout from the recent “fiscal cliff” debate in Washington, a survey released on Friday showed. … The Thomson Reuters/University of Michigan’s preliminary reading on the overall index of […] Read more »
Economic Confidence Index Inches Up
Gallup’s U.S. Economic Confidence Index averaged -18 the week of Jan. 7-13, a bit less negative than the -21 the prior week. Confidence remains lower than it was in the final weeks before, and first few weeks after, the 2012 presidential election. However, the current reading is among the more […] Read more »
Consumer Comfort Falls as U.S. Payroll Tax Takes Hold
Consumer confidence waned last week and firings unexpectedly climbed, the first sign that higher U.S. payroll taxes will slow the economic expansion at the start of this year. The Bloomberg Consumer Comfort Index fell to minus 34.4 in the seven days ended Jan. 6 from minus 31.8 the prior period, […] Read more »