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Topic: Index of Consumer Confidence

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In the News (Mon 25 Mar 19)

  Welcome to FreshPlaza
The consumer index for the second quarter stood at 137.2, which according to the researchers out-distanced the prior peak of 124.9 recorded in the first quarter of 2006.
The high hopes among consumers come on top of the most recently published opinion polls showing the prime minister's approval rating at an enviable 64%, although this was down somewhat from the stratospheric 78 per cent in the immediate aftermath of her election to succeed PJ Patterson.
The coincidence between Simpson Miller's personal popularity and the strong consumer confidence could influence her to call an early general election to ride the wave but unless she can translate the confidence into stronger economic growth there is the real risk that the popularity could evaporate as fast as it was created.
www.freshplaza.com /2006/10jul/ec_jm_expectations.htm   (1353 words)

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The index recorded a confidence decline of 5.6 points to 118.3, with decreases in all regions of the country.
The July index was 123.9, with an average of 123 for most of this year and a range of between 120 and 125 for the last three years.
Economists expect the consumer confidence index to be worse for September, once the impact of hurricane Katrina and the gasoline price hikes that have taken place in its aftermath are taken into account.
www.freshplaza.com /2005/07sep/ec2_ca_sloweconomy.htm   (690 words)

 USATODAY.com - Consumer confidence drops to 87.3, lowest since October   (Site not responding. Last check: 2007-11-03)
NEW YORK (Reuters) — Consumer confidence fell unexpectedly hard in February as Americans grew disenchanted with the economy mainly because of paltry growth in jobs.
The Conference Board, a private research firm, said its index of consumer confidence dropped to 87.3 in February from a downwardly revised 96.4 in January.
Consumers' view of the future deteriorated sharply, taking the expectations index down to 96.8 from 107.8, while the present situation index declined to 73.1 from 79.4.
www.usatoday.com /money/economy/confidence/2004-02-24-feb_x.htm   (273 words)

 New 30-year high in consumer index reveals confidence   (Site not responding. Last check: 2007-11-03)
Consumer confidence previously set a 30-year high in February, with a 137.4 reading, and hasn't strayed far from that level since then.
Consumer confidence reached an all-time high of 142.3 in October 1968, the Conference Board said.
Consumer spending is more than 60 percent of the nation's economic output and is watched closely by investors and Federal Reserve policy-makers.
www.chron.com /content/chronicle/biz/98/07/01/economy_2-1.html   (703 words)

 Consumer confidence surges to highest level since 1969   (Site not responding. Last check: 2007-11-03)
Consumer confidence surged to a 28-year high in December, the latest milestone for an economy soon to begin its eighth year of expansion.
The consumer confidence index, calculated from a 1985 base of 100, is derived from responses to questions sent to 5,000 households nationwide.
Consumers were most confident in the northern Midwest, while the mid-Atlantic states lagged well behind the rest of the country.
www.texnews.com /biz97/econ123197.html   (565 words)

 CrossingWallStreet.com: Consumer Confidence Rises
Consumer confidence had its biggest gain since 2003.
Consumer confidence rose in November by the most in more than two years as falling gasoline prices encouraged shoppers before the start of the holiday season.
The Conference Board compiles its index of consumer confidence by surveying 5,000 households on general economic conditions, their employment prospects and spending plans.
www.crossingwallstreet.com /archives/2005/11/consumer_confid_2.html   (454 words)

 rediff.com: US consumer confidence slips in June: Reuters
Consumer confidence in June posted its largest one-month drop since just after Sept. 11 as a weak jobs market, plunging stocks and corporate accounting scandals took a toll on Americans, a report showed on Tuesday.
The Conference Board, a private research group, said its closely watched index of consumer confidence fell to 106.4 in June from an upwardly revised 110.3 in May, roughly in line with analysts' expectations.
One reason for optimism was that the vast majority of consumers had far more of their wealth tied up in the family home than in equities, and the housing market is booming.
www.rediff.com /money/2002/jun/26us.htm   (796 words)

 Consumer Confidence Highest Since '68 (washingtonpost.com)
The Conference Board reported today that its index of consumer confidence rose to 141.4 this month, the highest level since October 1968, from a reading of 137 in November.
A separate consumer survey conducted by the Survey Research Center at the University of Michigan, which generally paints the same sort of picture as that of the Conference Board's but is less volatile, had a reading of 105.4 for this month, down from 107.2 in November.
However, along with the release of its figures for its consumer sentiment index, the Michigan center said, "The overall loss was relatively minor, with the December level nearly equal to the 1999 average of 105.8 — the best year on record.
www.washingtonpost.com /wp-srv/pmextra/dec99/28/consumer.htm   (664 words)

 Consumer confidence surprises Costello - National - www.theage.com.au
The index, based on a survey of 1400 shoppers last week, showed sentiment recovered by 3.2 per cent in September to equal the nine-year high reached in June.
Consumer sentiment is now 7.3 per cent higher than a year ago, and 16 per cent above the long-term average.
The index is a measure of optimism about family finances, the economy and the retail environment.
www.theage.com.au /articles/2003/09/10/1063191453964.html?from=storyrhs   (421 words)

 Consumer Confidence Index - The Conference Board
The Conference Board Consumer Confidence Index, which edged down in October, declined further in November.
Consumers' short-term outlook was less optimistic in November than in October.
Consumers expecting more jobs to become available in the coming months decreased to 13.1 percent from 15.1 percent, while those anticipating fewer jobs also decreased to 16.7 percent from 18.0 percent.
www.conference-board.org /economics/consumerConfidence.cfm   (395 words)

 Consumer confidence plunges to nine-year low - Feb. 25, 2003
Though the drop, which was far worse than economists expected, doesn't necessarily mean consumers will stop spending, it's a sign that the economy's recovery from a recession in 2001 is being seriously tested by unusual events, including war, terror fears and bad weather.
Consumer confidence measures are often not very good at predicting the future course of consumer spending, which makes up more than two-thirds of U.S. gross domestic product (GDP).
The percentage of consumers expecting fewer jobs to become available in the next six months jumped to 28.4 percent from 21.2 percent, while those expecting more jobs fell to 12.7 percent from 14.2 percent.
money.cnn.com /2003/02/25/news/economy/consumer/index.htm   (1165 words)

 USATODAY.com - Consumer confidence drops   (Site not responding. Last check: 2007-11-03)
But analysts said the index was still at higher levels than seen at the early stages of an economic recovery and indicated that consumer spending, which powers two-thirds of economic activity, should stay solid.
The consumer data comes just as the Federal Reserve, worried about the strength of the recovery, is widely expected to keep interest rates steady at four-decade lows of 1.75% at its policy meeting on Tuesday and Wednesday.
The Expectations Index, a gauge of consumers' six-month outlook, fell to 106.9 in June from 109.7 in May, as Americans worried that few new jobs would be available in the future and that their incomes would not rise much.
www.usatoday.com /money/economy/2002-06-25-consumer-confidence.htm   (553 words)

 Canadian consumer confidence up slightly
Consumer confidence in Canada grew slightly through the spring, according to a quarterly poll released Tuesday.
The Decima-Investors Group index of consumer confidence rose modestly by 0.6 percentage points to 88.6 in May from 88 in February.
Consumers' outlook for the next six months picked up, while their outlook on the current situation declined, the Conference Board said in its monthly report.
www.cbc.ca /money/story/2006/06/27/consumer-confidence.html   (1256 words)

 Consumer Confidence Rises Strongly
Confidence among consumers in the future of the U.S. economy is growing at a rate that "leaves little doubt that the economy is at long last recovering," the Conference Board said Tuesday.
The board said its index of consumer confidence rose to 71.6 in May, up 6.6 points from April and the third successive strong monthly gain.
Consumers' assessment of present conditions nevertheless remains low, with 39.5 percent of respondents indicating that business was bad and 40 percent that jobs were hard to get.
www.iht.com /articles/1992/05/27/cons.php   (116 words)

 Confidence, 1st Writethru, Bgt,……………………….. #####..REUSE STORY ID..!!!!...####   (Site not responding. Last check: 2007-11-03)
The Decima-Investors Group Index of Canadian Consumer Confidence, which had been stable for three quarters, plunged to its lowest level since September 2001, with Canadian results mirroring a similar decline south of the border, the polling firm said in a release Tuesday.
Established in 2001, the index is calculated by a series of five questions asked in a national telephone survey, intended to measure feelings about personal financial and national economic sentiment.
The Index results are based on a Decima TeleVox survey conducted with 2,025 Canadians 18 years and older, conducted between Sept. 8 and 18.
www.cbc.ca /cp/business/051004/b1004116.html   (840 words)

 Spenders push confidence index upward | www.azstarnet.com ®
A widely watched indicator of consumer confidence unexpectedly rose for the second straight month in January, hinting that the U.S. economy would continue to grow in the first half of 2005, but at a slower pace.
The consumer confidence index is important to Wall Street because spending by individuals makes up about two-thirds of all economic activity in the United States.
The index is based on a monthly survey of some 5,000 U.S. households and compares results with its base year, 1985, when it stood at 100.
www.azstarnet.com /sn/printDS/58525   (422 words)

 Economic Indicators - Consumer Confidence Index
The Consumer Confidence Survey is based on a sample of 5,000 U.S. Households and is considered one of the most accurate indicators of confidence.
The idea behind consumer confidence is that when the economy warrants more jobs, increased wages, and lower interest rates, it increases our confidence and spending power.
Should the index move above or below the moving average it is a good indication that consumer confidence is significant.
www.investopedia.com /university/releases/consumerconfidence.asp   (397 words)

 Business: Consumer confidence takes a big leap
The surge in the consumer confidence index suggested that Americans were feeling more optimistic about their economic prospects.
Indicators of consumer confidence are widely watched by economists since spending by individuals makes up about two-thirds of economic activity in the United States.
While the jump in the consumer confidence index was large, Richard Berner, chief economist with Morgan Stanley, cautioned against reading too much into the rebound in the indicator, which is often volatile.
www.sptimes.com /2004/12/29/Business/Consumer_confidence_t.shtml   (654 words)

 Consumer confidence falls - Jan. 28, 2003
The Conference Board, a business research group based in New York, said its closely watched index of consumer confidence fell to 79 from a revised 80.7 in December.
The group's expectations index, which measures consumers' outlook for the future, fell to 81.4 from 88.1.
Consumer spending has supported the economy for several months, but most economists believe businesses will need to start spending -- and hiring workers -- soon if the economy is to get healthy.
money.cnn.com /2003/01/28/news/economy/consumer/index.htm   (501 words)

 RTE Business - US consumer confidence up in December
US consumer confidence rose for the first time in six months in December and posted its biggest gain in nearly four years as Americans wound down a grim year of war and recession with hopes for an economic rebound in 2002.
'Consumers' short-term optimism is no longer at recession levels, and the upward trend signals that the economy may be close to bottoming out and that a rebound by mid-2002 is likely,' she said.
The index is compiled from a survey of a representative sample of 5,000 US households.
www.rte.ie /business/2001/1228/us.html   (371 words)

 WSJ.com - Falling Economic Confidence Reveals a Generation Gap
What isn't so easy to explain is whether declining levels of consumer confidence among this important group will affect consumer spending, which is the economy's primary engine of growth.
But even if the direct connection between confidence and spending is sometimes spotty, measures of confidence have often sent warning signals of impending economic trouble during past turning points in the economy.
Right now, fast-declining confidence could be sending another important signal, especially when taken alongside other measures that seem to suggest that consumers in general, and older Americans in particular, are postponing major purchases.
online.sfsu.edu /~bjblecha/courses/gap.htm   (756 words)

 BBC NEWS | Business | US consumer confidence shows dip
US consumers are still worried about their jobs and income, the University of Michigan's index of consumer confidence has indicated.
The index dropped to 95.8 in September, down from 95.9 in August, confounding analysts' expectations that it would improve to 96.5.
Consumer spending accounts for 66% of US economic activity and is viewed as a gauge of the health of the economy.
news.bbc.co.uk /2/hi/business/3666598.stm   (332 words)

 CNN.com - U.S. consumer confidence, durable orders, new home sales strong - Jun. 26, 2001
The Conference Board, a New York-based research group, said its monthly index of consumer confidence rose to 117.9 in June from May's revised reading of 116.1.
Together, the data show surprising strength in consumer confidence and the manufacturing sector, which has been hardest hit by an economic slowdown this year, leading to hundreds of thousands of job cuts.
Low mortgage rates and largely unshaken consumer confidence have helped the housing sector weather the downturn in the overall economy.
edition.cnn.com /2001/BUSINESS/06/26/economy   (781 words)

 RTE Business - Attacks knock US consumer confidence
US consumer confidence fell sharply in September, suffering its largest one-month drop since the Gulf crisis, according to a survey that captured part of the economic shock from the September 11 attacks on New York City and the Pentagon.
The eroding labour market and weakening business conditions weighed heavily on consumers, today's report said, threatening to undermine retail spending, one of the few remaining tethers of strength in an economy a majority of economists believe is already in recession.
The Expectations Index, which gauges consumers' outlook for the next six months, slid to 79.2 in September from a revised 93.7 in August.
www.rte.ie /business/2001/0925/us.html   (355 words)

 Consumer confidence in 'strong rebound'. 12/07/2006. ABC News Online
Consumer sentiment appears to be on the mend after the interest rate rise two months ago.
The Westpac-Melbourne Institute index of consumer confidence has registered a solid rise this month.
There is more evidence that consumer confidence is bouncing back, despite rising interest rates and high petrol prices.
www.abc.net.au /news/newsitems/200607/s1684554.htm   (225 words)

 Consumer confidence edges down in March - Stocks & Economy - MSNBC.com
The Present Situations index, one component of the confidence index, rose to 84.1 from 83.3 in February.
Hoyt added that he was disappointed with consumers’ short-term assessment of jobs, and said it doesn’t bode well for the unemployment report that the Labor Department is slated to release on Friday.
Consumers expecting conditions to worsen was unchanged at 9.6 percent.
www.msnbc.msn.com /id/4630771   (653 words)

 CNN.com - U.S. consumer confidence, spending grow - May 29, 2001
The Conference Board, based in New York, said its monthly index of consumer confidence rose to 115.5 in May from April's revised reading of 109.9.
As if to highlight the confidence data, the Commerce Department reported consumer spending -- which accounts for about two-thirds of the nation's economy -- increased $28.9 billion, or 0.4 percent, in April.
Tuesday's data would seem to indicate the Fed has done its job and that consumer confidence is on the mend.
edition.cnn.com /2001/BUSINESS/05/29/economy   (681 words)

 Consumer confidence in economy wavers | The San Diego Union-Tribune
NEW YORK – Consumer confidence fell more than expected in February as Americans took a dimmer view of the economy, mainly because of a dearth of new jobs, a report published yesterday said.
"Consumers began the year on a high note, but their optimism has quickly given way to caution," said Lynn Franco, director of research at the Conference Board.
The number of consumers saying jobs were hard to get rose in February to 32.1 percent, up from January's 31.6 percent.
www.signonsandiego.com /uniontrib/20040225/news_1b25economy.html   (345 words)

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