Indicative of a recession, the Conference Board’s consumer confidence index dropped to 44.5 vs. last months 59.2. That represents the lowest showing of consumer sentiment since spring of 2009. The number was heavily weighed down by a very poor showing in the forward-looking Expectations Index portion of the total score. This represents Says Lynn Franco, [...]
NEW YORK, Aug. 12, 2011 /PRNewswire/ — Bolstered by a rise in home prices and a slight improvement in real wages, the Deloitte Consumer Spending Index rose in July for the first time since January. The Index tracks consumer cash flow as an indicator of future consumer spending. “The housing market is showing multiple signs of stabilizing [...]
NEW YORK, Aug. 4, 2011 /PRNewswire/ – Although Congress and President Obama have agreed to raise the debt ceiling, a majority of Americans say that the debate has made them less confident in the nation’s economic recovery. More than half (54 percent) of Americans surveyed say that the debt ceiling debate has made them feel less confident [...]
YONKERS, N.Y., Aug. 2, 2011 /PRNewswire-USNewswire/ – Consumer Reports brewed over 1,000 cups of coffee to deem two new champs among Colombian varietals in the latest issue available on newsstands today. Gloria Jean’s Colombian Supremo Medium Roast and Newman’s Own Organics Colombian Especial Medium Roast beat Consumer Reports top pick from the March 2009 report, Eight O’Clock Coffee. The former champ delivered less flavor [...]
NEW YORK, June 28, 2011 — The Conference Board Consumer Confidence Index continued its multi-month decline in June. After having decreased to 61.7 in May the economic index hit 58.5 this month indicating that consumers are feeling the onset of a second, or double-dip, recession. Director of The Conference Board Consumer Research Center Lynn Franco said, “This month’s [...]
NEW YORK, May 31, 2011 /PRNewswire/ — The Conference Board Consumer Confidence Index® , which had improved in April, decreased in May. The Index now stands at 60.8 (1985=100), down from 66.0 in April. The Present Situation Index decreased to 39.3 from 40.2. The Expectations Index declined to 75.2 from 83.2 last month. The monthly Consumer Confidence Survey® , [...]
The last few weeks have been ripe with claims that the U.S. economy is recovering. Pointing primarily at consumer sentiment and holiday spending, analysts expected that the outlook for America could only improve from here. Unfortunately, the numbers don’t add up: Gallup’s economic confidence index is at -31, well below its 52 week low February [...]
