March 26, 2013 |
Stocks and housing prices continue to rise, but consumers are not feeling all that good about the state of the U.S. economy. Confidence among U.S. consumers fell more than forecast in March as Washington's budget battle soured Americans' views of the economic outlook, Bloomberg News reported. The Conference Board's index declined to 59.7 from a revised three-month high of 68 in February, the New York-based private research group reported Tuesday. Economists surveyed by Bloomberg had projected the March measure would fall to 67.5.
September 25, 2012 |
NEW YORK -- Investors Tuesday seemed to brush off Caterpillar Inc.'s declining profit outlook and continuing uncertainty over the European debt crisis. Major U.S. stock indexes were up about 0.4% in midday trading on Wall Street, following a report showing home prices in the nation's largest cities rose 1.6% in July to their highest level in nearly two years. The Confidence Board, meanwhile, reported consumer confidence improved in September. The Dow Jones industrial average climbed 53 points, or 0.4%, to 13,612.
November 1, 2012 |
WASHINGTON -- Key private indexes of manufacturing and consumer confidence edged up in October, while the government reported an increase in construction spending in September as economic data released Thursday indicated moderate economic growth. All three readings were in line with analyst expectations, and came as new private and government data on unemployment pointed toward modest employment gains last month. The Labor Department will release the October jobs report on Friday, the last major economic data point before Tuesday's presidential election.
January 26, 2011 |
U.S. consumer confidence rose sharply this month as Americans turned a bit more hopeful about the employment picture. The Conference Board's confidence index, based on interviews with 5,000 households, jumped to 60.6 in January from 53.3 last month. This month's reading is the second-highest since the recession officially ended in June 2009. The only higher reading was 62.7 in May 2010 ? just before the economy hit a slowdown that persisted into early summer. A decent holiday spending season and the stock market's big fourth-quarter rally probably helped boost consumers' mood.
January 29, 2013 |
Consumer confidence continued to slip in January, falling to its lowest level since November 2011, the Conference Board said Tuesday. The group's monthly Consumer Confidence Index fell to 58.6 in January, down 8.1 points from the month before. “Consumer confidence posted another sharp decline in January, erasing all of the gains made through 2012," said Lynn Franco, director of economic indicators, in a statement. "Consumers are more pessimistic about the economic outlook and, in particular, their financial situation.
March 1, 2013 |
WASHINGTON -- Consumer confidence surged in February as the improving job market offset concerns about higher taxes and looming federal spending cuts, according to a leading private barometer. The monthly consumer sentiment index from Thomson Reuters and the University of Michigan rose 5.1% last month from January. The new reading of 77.6 also was up 3.1% from a year earlier. “Consumer confidence continued to improve in February due to expected gains in employment," said Richard Curtin, the survey's chief economist.