Eye On Housing
February saw broad growth in consumers’ confidence. After mixed signals in January, both indicators of consumer confidence rose in the second month of the new year. Thomson Reuters and the University of Michigan reported that its final estimate of consumer confidence, Consumer Sentiment, rose by 5.1% on a seasonally adjusted monthly basis in February to 77.6. The final reading was… Read More ›
Tag Archive for ‘consumer confidence’
Indexes of Consumer Confidence Are Growing, Sentiment has Surpassed Its Pre-Recession Level
Recently released measures of consumer sentiment indicate that consumers’ confidence is growing. Thomson Reuters and the University of Michigan reported that its Consumer Sentiment Index rose by 5.5% to settle at 82.6. This is the fourth consecutive monthly gain for the index. By comparison, the Consumer Confidence Index, produced by the Conference Board, grew by 5.7% over the month of October, its third consecutive… Read More ›
Mixed Readings on Consumer Confidence in July
The Conference Board’s Consumer Confidence Index (CCI) and the University of Michigan Consumer Sentiment Survey reported consumer confidence moving in opposite directions this month. The CCI indicated a modest gain while the University of Michigan survey showed a slight decrease in consumer confidence versus last month. While the month-to-month changes for each index have not been entirely consistent with one… Read More ›
Consumer Confidence Slips in June
The Conference Board’s Consumer Confidence Index (CCI) and the University of Michigan Consumer Sentiment Survey reported a drop in consumer confidence during June, but the CCI experienced an appreciably larger decline of 7.7 percent from May. The uptrend both indexes had been seeing since the third quarter of 2011 appears to have weakened considerably as the 3-month moving average declined… Read More ›
Consumer Confidence Holds Steady in April
The Conference Board’s Consumer Confidence Index (CCI) and the University of Michigan Consumer Sentiment Survey both pointed to consumer confidence remaining generally unchanged between March and April 2012. Nonetheless, viewing the overall indexes from both surveys using a 3-month moving average, one can still see an appreciable increase in consumer confidence since the third quarter of last year. The current… Read More ›
Consumer Confidence Rises in February
The Conference Board’s Consumer Confidence Index (CCI) and the University of Michigan Consumer Sentiment Survey showed an improvement in consumer confidence during February 2012. Although certain components within each survey showed some conflicting results, specifically a slight decline in the U of Michigan’s current conditions index, both sources reveal overall consumer confidence has trended appreciably higher since the third quarter… Read More ›
Consumer Confidence Improves in November, but Remains Weak
The Conference Board’s Consumer Confidence Index (CCI) and the University of Michigan Consumer Sentiment Survey revealed a healthy increase in consumer confidence during the month of November. Both reports indicate consumers view current conditions more favorably and were more optimistic about the future, although the gains observed in the University of Michigan index were smaller. Unfortunately, even with these improvements,… Read More ›