Consumer confidence fell for the second month in a row as inflation and recession fears dampened the economic outlook. The Conference Board's confidence index dipped to 100.2 in November from 102.2 in October, significantly below the pre-pandemic level of 130. Rising prices remained consumers' top ... READ MORE >
consumer confidence
Consumer confidence falls in October amid inflation concern
Consumer confidence fell below expectations in October as inflation concern persists. The Conference Board's consumer confidence index was down to 102.5 from 107.8 from a month earlier. Consumers' expectations for the median inflation over the next 12 months rose to 6.2% from 6.0%, the highest in three ... READ MORE >
Consumer confidence and core investment grow despite recession fear
American consumers and private businesses showed improved confidence in the economy despite recession concerns, according to economic data released on Tuesday. The data reaffirmed our forecast of a solid economic rebound toward the end of the year, pushing our recession call to next year. The ... READ MORE >
Consumer confidence drops as new home sales slump
Consumer confidence continued to fall in July to the lowest level since February 2021 amid inflation angst and an economic slowdown, the Conference Board reported on Tuesday. The top-line number fell to 95.7 from 98.4 in June, driven by broad declines across all components. But there was good news: ... READ MORE >
Chart of the day: Consumer confidence falls in May
Consumer confidence in the United States slid to a three-month low in May amid sticky inflation and a decline in job availability. With both factors likely to persist, we expect confidence to remain on a rocky path over the next couple of months. The Conference Board's Consumer Confidence Index inched ... READ MORE >
Consumer confidence declines slightly as new home sales fall 8.6%
Consumer confidence eased in April even as expectations for the next few months improved, the Conference Board reported on Tuesday. The consumer confidence index was down slightly in April, to 107.3 from 107.6 in March, remaining below the pre-pandemic level. The index, well known for its ... READ MORE >
Chart of the day: Consumer confidence slides
Consumer confidence ticked down in February as expectations for the economy softened, according to data from the Conference Board on Tuesday. High inflation—which might continue to rise because of the Russia-Ukraine conflict—remains a top concern for consumers, dampening spending plans and raising ... READ MORE >
Chart of the day: Consumer confidence falls as omicron sets in
Consumers showed less confidence in January as the impact of the omicron variant weighed on expectations, according to a report from the Conference Board on Tuesday. The headline index slid to 113.8 from 115.2 in December, snapping a string of gains since September, when the economy came out of the ... READ MORE >
Consumer confidence surveys reflect a bifurcation of the nation’s economy
Recent readings of consumer confidence are revealing an increasingly bifurcated economy as households continue to grapple with the pandemic. The economy can be divided into two camps, the surveys show: one of scarcity where prices are rising and employment remains a challenge, and one of abundance ... READ MORE >
Consumer confidence improves despite concern over omicron variant and inflation
Consumer confidence advanced in December for the third month in a row, driven by a strong labor market and recovery in spending since September, despite risks from the omicron variant and inflation. The headline consumer confidence index rose by 3.9 points to 115.8 on the month, the largest ... READ MORE >