consumer confidence index – News Stories About consumer confidence index - Page 2

Feb 15, 2008 11:10 AM CST

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,...

Consumer, Housing Numbers Slump

Jan 29, 2008 11:14 AM CST

Consumer, Housing Numbers Slump

News isn't all gloomy: Demand for durable goods surges

(Newser) - Consumer confidence fell a bit less than expected but still approached a 2-year nadir in January, reinforcing fears that Americans will put the brakes on personal spending. In other economic reports out today, the S&P/Case-Shiller housing-price index report showed a 7.7% year-over-year drop for November, Bloomberg reports, and...

Stocks Plunge to End Off Week

Dec 14, 2007 3:51 PM CST

Stocks Plunge to End Off Week

Big consumer price inflation builds concern rate cuts are over

(Newser) - The Dow dived 178.11 points today to 13,339.85 after a 0.8% spike in the consumer price index, the biggest since September 2005, sparked concern that the era of rate cuts might be over. Inflation was “the 800-pound gorilla in the room,” one strategist told...

Consumer Confidence Plummets

Nov 27, 2007 11:27 AM CST

Consumer Confidence Plummets

Job concerns push index to post-Katrina low

(Newser) - Consumers were a gloomy group in November, when housing and job woes drove the consumer confidence index down to a level not seen since October 2005, when Hurricane Katrina’s aftermath loomed large. “This is a strong indication that consumer spending growth is going to slow sharply,” one...

Consumer Confidence Plummets

Aug 17, 2007 5:37 PM CDT

Consumer Confidence Plummets

Wall Street woes might be spreading to Main Street

(Newser) - Consumer confidence dropped dramatically in August, according to the latest index released by Reuters and the University of Michigan. The metric places consumer sentiment at 83.3, the lowest reading of the year, and well below the predicted 88.0. It may be a sign that chaos on Wall Street...

Consumer Confidence Rises

Jul 31, 2007 4:18 PM CDT

Consumer Confidence Rises

Shoppers buying again after June slump

(Newser) - Consumer spending rose more than expected this month, to its highest level in 6 years, after shoppers tightened their belts in June, Bloomberg reports. Consumer confidence jumped 7.3 points according to a Conference Board index, suggesting the slump was temporary. Economists chalk up the spending jump to low unemployment...