Tag Archive for ‘consumer confidence’

Consumer Confidence and Economic Cycles

Consumer sentiment and consumer confidence are two indexes showing consumers’ perceptions of current business, income and employment conditions, as well as their expectations for the near future’s economy.   Figure 1 shows both the University of Michigan Index of Consumer Sentiment and the Conference Board Consumer Confidence Index are highly inversely correlated with the unemployment rate. High unemployment drives down… Read More ›

Strong First Quarter for Consumer Confidence

The University of Michigan Index of Consumer Sentiment reached a ten-year peak of 95.5 in the first quarter of 2015. Although the Index of Consumer Sentiment Index decreased to 93.0 in March from 95.4 in February, it was up from 80.0 from March 2014. The harsh winter dampened the giddiness of falling gasoline prices from the start of the year…. Read More ›

Retreat

Both the University of Michigan Index of Consumer Sentiment and the Conference Board Consumer Confidence Index declined in February after soaring to cyclical highs in January. The Index of Consumer Sentiment Index decreased to 95.4 in February from 98.1 in January, but was up from 81.6 during February 2014. The Consumer Confidence Index decreased to 96.4 in February from 103.8… Read More ›

Good Morning in America for Consumers

The January 2015 University of Michigan Index of Consumer Sentiment soared to its highest level since January 2004. The Conference Board Consumer Confidence Index also increased sharply, reaching its highest level since August 2007. While three month moving averages smooth these increases, the picture of renewed confidence shines brightly. The Index of Consumer Sentiment Index increased to 98.1 in January,… Read More ›

Bursting with Confidence

Improving job and wage prospects lifted the Thomson Reuters/University of Michigan Consumer Sentiment December Index to its most favorable level since its last cyclical peak in January 2007. The Conference Board Consumer Confidence Index reversed its November retreat based on a more favorable estimate of current business and labor market conditions. The Consumer Sentiment Index increased to 93.6 in December from… Read More ›

Great Expectations

Spurred by improved consumer expectations, the Thomson Reuters/University of Michigan Consumer Sentiment Index reached its highest level since July 2007, and the Conference Board Consumer Confidence Index increased sharply. This 3-month moving average charts both surveys. The Consumer Sentiment Index increased to 86.9 in October from 84.6 the previous month. The survey’s measure of consumer expectations increased to 79.6 in… Read More ›

House Prices Record Annual Gains

Recently released data by Standard and Poor’s (S&P) and Case-Shiller indicates that its measure of house prices, the House Price Index – National, rose by 5.6% on a year-over-year not seasonally adjusted basis. This is the 27th consecutive month of year-over-year increases in the house price index. Over this period of more than two years, house prices have risen by… Read More ›

Are Some Consumers Worried about the Future?

Consumers continue to regain confidence, but they may be concerned about the near future. The Conference Board’s Consumer Confidence Index increased for the fourth consecutive month to 92.4 in August. But the expectations for the next six months remained unchanged. The Thomson Reuters/University of Michigan Consumer Sentiment Index climbed to 82.5 in August from 82.1 in July, and its Current… Read More ›

Eye on the Economy: Home Sales Surge after Slow First Quarter

Housing news continued to improve as pending home sales surged following a slow first quarter. Home prices also continued to move higher but at a more moderate pace, suggesting the extra push caused by investors may be slowing. Economic news, however, was mixed. Consumer confidence increased in response to improving labor market conditions. On the other hand, new estimates from… Read More ›

Is Everybody Happy?

Consumers have been regaining confidence and feeling better about the jobs market. For instance, the Conference Board’s Consumer Confidence Index rose to a six-and-a-half year high in June. Moreover, their expectations for the next six months improved to a 10-month high. The Thomson Reuters/University Consumer Sentiment Index ticked up as well in June, but not at record levels. In addition,… Read More ›