Tag Archive for ‘consumer confidence’

Consumer Confidence Falls to 3-Month Low

After modest decline in August, consumer confidence continued to fall in September, marking the biggest monthly decline this year. The Consumer Confidence Index, reported by the Conference Board, slipped 9.1 points from 134.2 in August to 125.1 in September, as households are less optimistic about short-term economic outlook and recent escalation in trade tensions. The Present Situation Index decreased 7.0… Read More ›

Pending Home Sales Rebound in May

After a minor dip in April, pending home sales rebounded in May, mainly driven by the lower mortgage rates. The Pending Home Sales Index (PHSI), reported by the National Association of Realtors (NAR), is a forward-looking indicator based on signed contracts. The PHSI rose 1.1% from 104.3 in April to 105.4 in May, but was still 0.7% below the level… Read More ›

Consumer Credit Posts Highest Yearly Increase Since July 2017

The Federal Reserve’s latest G.19 Consumer Credit Report shows rising trends in consumer credit, excluding loans secured by real estate, through April 2019. As of April 30, 2019, consumer credit totaled $4.1 trillion on a seasonally adjusted basis, with $1.1 trillion in revolving debt1 and $3.0 trillion in nonrevolving debt2. The latest monthly year-over-year percentage increase of 5.3% in the… Read More ›

Consumer Confidence Drops in December

Following a modest decline in November, consumer confidence continued to decrease in December, driven mainly by weakened consumer expectations. The Consumer Confidence Index, reported by the Conference Board, fell by 6.1% from 136.4 to 128.1 in December, the lowest level since July 2018. Despite the sharp decline in December, the Consumer Confidence Index remained historically strong. The Present Situation Index… Read More ›

Consumer Confidence Reaches 18-Year High

Consumer confidence continued to rise in September, after a big increase in August. Currently, consumers are quite optimistic about both the current situation and the near-term outlook. The Consumer Confidence Index, reported by the Conference Board, increased to 138.4 in September, from 134.7 in August. It has surpassed the 2007 peak of 111.9 and spiked to the highest level since… Read More ›

Consumers’ Expectations Eased in June

The Conference Board’s Consumer Confidence Index decreased in June, following an increase in May. The June decline in the Consumer Confidence Index was driven mainly by a sharp decline in the Expectations Index. While the Present Situation Index declined modestly, by 0.1% from an index reading of 161.2 in May to 161.1 in June, the Expectations Index dropped by 3.7%… Read More ›

Consumer Confidence Drops in March, But Remains Elevated

The Conference Board’s Consumer Confidence Index declined in March, after increasing in February. The March decline in the Consumer Confidence Index reflects the declines in both the Present Situation Index and the Expectations Index. The Present Situation Index decreased by 0.8% from 161.2 to 159.9, while the Expectations Index declined by 2.7% from 109.2 to 106.2 in March. As a… Read More ›

Consumer Confidence Decreases in December

The Conference Board recently reported that the Consumer Confidence Index decreased in December, after a modest improvement in November. The Present Situation Index increased by 1.1% from 154.9 to 156.6, while the Expectations Index declined by 10.7% from 111.0 to 99.1 over the last month of 2017. As a result, the Consumer Confidence Index decreased by 5.1% to 122.1 in… Read More ›

Consumer Confidence Sheds Some Light on New Home Sales

The Conference Board recently reported that the Consumer Confidence Index declined slightly in September. The present situation index declined by 1.5% from 148.4 to 146.1, while the expectations index rose by 0.5% from 101.7 to 102.2. As a result, the Consumer Confidence Index decreased by 0.5% to 119.8 in September on a seasonally adjusted basis, from 120.4 last month. The… Read More ›