Tag Archive for ‘consumer confidence’

Consumer Confidence Surges to One-Year High

After a modest increase in February, consumer confidence surged to the highest level in a year, as consumers reporting a significantly more positive view of the job market and the economic growth. However, concerns about inflation may cause consumers to temper their spending in the coming months. The Consumer Confidence Index, reported by the Conference Board, rose 19.3 points from… Read More ›

Consumer Confidence Falls to 4-month Low in December

After a strong rebound in September, consumer confidence fell for the second consecutive month in December, as job growth continued to slow and more states re-imposed restrictions on business due to resurgence of COVID-19. The Consumer Confidence Index, reported by the Conference Board, dropped 4.3 points from 92.9 to 88.6 in December, the lowest level since August 2020. The Present… Read More ›

Consumer Confidence Rebounds Strongly in September

After hitting a 6-year low last month, consumer confidence bounced back in September, as consumers were more upbeat on outlook for economy and the job market. The Consumer Confidence Index, reported by the Conference Board, rose 15.5 points from 86.3 to 101.8 in September, the highest level since March 2020 and the largest monthly gain since April 2003. The Present… Read More ›

Consumer Confidence Increases in June

After a sharp decline in April, consumer confidence improved in June for a second straight month, as the economy began to reopen and unemployment claims showed improvement. The Consumer Confidence Index, reported by the Conference Board, rose 12.2 points from 85.9 to 98.1 in June, the largest monthly gain since November 2011. The Present Situation Index jumped 17.8 points from… Read More ›

Consumer Confidence Drops Sharply in March

After four consecutive months of gains, consumer confidence fell to near a three-year low in March due to a deterioration in the short-term outlook. The Consumer Confidence Index, reported by the Conference Board, slipped 12.6 points from 132.6 to 120.0 in March, the lowest reading since September 2017, as intensive coronavirus outbreak and extreme volatility in the financial markets have… Read More ›

Consumer Confidence Decreases Marginally in December

Consumer confidence fell in December, following a slight improvement last month. This is the fourth decline in five months. The Consumer Confidence Index, reported by the Conference Board, slipped 0.3 points from 126.8 to 126.5 in December, as households are less optimistic about future employment and income. The Present Situation Index rose 3.4 points from 166.6 to 170.0, while the… Read More ›

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 ›