consumer confidence index

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Consumer Confidence Soars to Almost 5-Year High

It hasn't been this strong since well before the financial crisis

(Newser) - Americans' confidence in the economy surged last month to the highest level in nearly five years, as many were encouraged by an improving job market. The Conference Board says its consumer confidence index increased in October to 72.2. That's up from 70.3 in September and the highest... More »

Consumer Confidence Soars Past Expectations

There's good housing news, too

(Newser) - Consumer confidence soared to a seven-month high, flying far above analyst expectations, according to a Conference Board report released today. The board's index came in at 70.3, up from 61.3 a month earlier. That's a whole heck of a lot better than the 63 that the... More »

Consumer Confidence Soars

It neared its post-recession peak this month

(Newser) - Are American shoppers at last stepping back from the ledge? The Conference Board's Consumer Confidence Index shot up 10 points in December to 64.5, the AP reports. That's its highest reading since April and closing in on its post-recession peak of 72, which was achieved in February.... More »

Consumer Confidence Hits Seven-Month Low

People antsy about unemployment rate

(Newser) - US consumer confidence plunged to a seven-month low in June on continuing worries about high unemployment and stagnating wages. A reading of 90 indicates a healthy economy on the index; the June score was 58.5, a six-point drop from May. The Conference Board's Consumer Confidence Index measures how... More »

Dow Up 66 as Consumer Optimism Lifts Stocks

Retail sales beat expectations in November

(Newser) - Stocks ended today's session mixed, with the Dow posting solid gains. Alcoa saw a. 8% jump on an optimistic profit estimate by JPMorgan, and the University of Michigan/Reuters December consumer sentiment index beat expectations, the Wall Street Journal reports.
  • The Dow rose 65.67 points to close at 10,471.
... More »

US GDP Jump Hollow if Unemployment Keeps Rising

... and it's still rising faster than before recession

(Newser) - News that the US gross domestic product jumped 3.5% in the third quarter cheered investors and others, but the cheers will ring hollow if unemployment keeps rising, John Authers writes. Consumer spending rose even as disposable income fell—“ not a pattern that can be sustained for long, and... More »

Dow Falls 34 Ahead of Jobs Data

Dow still on track for best quarter in 10 years

(Newser) - Stocks fell today as traders lost some of yesterday’s confidence ahead of looming job reports. ADP will release its September survey tomorrow, with weekly data due Thursday and the government’s nonfarm payrolls report coming Friday. The Conference Board’s consumer confidence index, which analysts had been expecting to... More »

Dow Drops 36 as Consumer Data Saps Stocks

Intel, Dell see gains

(Newser) - Stocks mostly fell today despite good news from the tech sector, the Wall Street Journal reports. The Reuters/University of Michigan index of consumer confidence fell in August, dragging the markets down. Intel rose 4.32% after raising its third-quarter profit forecast, while Dell gained 1.89% on second-quarter earnings that... More »

Dow Up 30 After Rosy Data

(Newser) - Stocks closed with modest advances on strong economic data and a drop in oil prices, the Wall Street Journal reports. Advances in second-quarter home prices and a boost in July consumer confidence propelled stock indices to new 2009 highs shortly after the open, but oil’s $2.32 drop moderated... More »

Confidence Sags; Dow Off 82

But all indices see gains in second quarter

(Newser) - Stocks fell today on an unexpected decline in consumer confidence, the Wall Street Journal reports, after investors held steady at the open despite data that delinquencies on prime mortgages had increased. The consumer-confidence drop came after two months of positive readings. The Dow closed down 82.38 at 8,447.... More »

Financials Sink; Dow Off 8

Rising consumer confidence gives stocks a boost

(Newser) - The markets ended flat after mixed economic signals today, the Wall Street Journal reports. Stress-test troubles for Bank of America and Citigroup depressed financials, but news that consumer confidence rose in April—to 39.2, from 26.9 in March—gave stocks a boost.  The Dow fell 8.05... More »

Consumer Confidence Hits New Low

Index plummets to 25, compared to 76.4 a year ago

(Newser) - Americans' already-battered confidence in the economy went into freefall this month, reaching new lows as consumers grow more fearful over huge job cuts and shrinking retirement accounts. New York's Conference Board said its Consumer Confidence Index, which was down slightly in January, plummeted more than 12 points in February to... More »

Consumer Confidence Finds a New Low in January

Conference Board's index at half its year-ago value

(Newser) - Americans' mood about the economy darkened even more in January, sending a widely watched barometer of consumer sentiment to yet another new low as people worry about their jobs and watch their retirement funds dwindle. The Conference Board said its Consumer Confidence Index edged down to 37.7 from a... More »

Dow Rises 184 on GMAC News

Dow rises 184 despite drops in home prices, consumer confidence

(Newser) - Stocks rose today as investors were encouraged by the extension of at least $5 billion in bailout money to the financing division of General Motors, MarketWatch reports. GMAC said the aid would allow it to offer loans to more US consumers seeking to buy vehicles. The Dow gained 184.46... More »

Consumer Confidence Hits All-Time Low

Signs point to drop in consumer spending, deepening downturn

(Newser) - Consumer confidence hit a record low in October, Bloomberg reports, raising the specter that spending will slow significantly. The Conference Board’s index dove to 38, the lowest reading since the metric’s inception in 1967, and far worse than analysts expected. With the stock markets volatile, home equity deteriorating,... More »

Home Prices Fall Again; Rate of Decline Sets Record

Consumer confidence numbers offer ray of hope

(Newser) - Home prices continued to nosedive in May, a signal that the housing crisis may be worsening and a red flag for the credit markets and Wall Street, reports the New York Times. Every region covered by the S&P/Case-Schiller home-price index showed a drop compared to May 2007, with the... More »

Oil Surges; Markets Record Weekly Gains

Consumer confidence hits 28-year low

(Newser) - Stocks fell, then climbed back almost to opening levels today to wrap up a generally strong week. Yet another record oil price—almost $128 a barrel—drove early losses, and a report of the lowest consumer-confidence rating in 28 years did not help. The Dow closed down 5.86 at... More »

Staring at US Recession, Lasik Eye Surgery Blinks

As with last downturn, fewer people springing for corrective procedure

(Newser) - Corrective laser eye surgeries have declined sharply in the past year, a fall-off attributed to the economic slump—and expected to deepen as the recession continues, the New York Times reports. “We’re forecasting a 17% drop for 2008,” said one market researcher, who expects first-quarter data to... More »

Consumer Confidence Hits 26-Year Low

Index drops far below expectations on job, economy fears

(Newser) - Consumer confidence hasn’t been this low since 1982, according to the Reuters/University of Michigan index, which reported a slide to 63.2 from March’s 69.5. That was lower than even the lowest estimates in a Bloomberg analyst poll. “The consumer’s feeling increasingly hemmed in,”... More »

Consumer Sentiment Nosedives

Economic reports continue to fan recession fears

(Newser) - The last time consumers were this pessimistic, the country was in the midst of recession. The consumer confidence index is at a level not seen since February 1992, according to Reuters/University of Michigan numbers out today, and "has only been this low during the recessions of the mid 1970s,... More »

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