December 27, 2011 |
Consumers are feeling better about the economy, according to the monthly survey from the Conference Board that shows confidence levels near the post-recession peak. The Consumer Confidence index stood at 64.5 in December, up nearly 10 points from a revised 55.2 in November. That month was itself a 15-point gain from October's 40.9, the lowest level since the recession. Although the index is still below the 90 level that economists consider the threshold for a stable economy, December's rating that was released Tuesday was the highest since 66 in April.
February 23, 2011 |
Turmoil is spreading through the Middle East, the federal budget deficit is soaring and housing prices are falling, but consumers still feel as though things are better than they have been in three years, according to one closely watched measure. The consumer confidence index from the Conference Board jumped in February to its highest point since February 2008, in the early days of the deep recession and before the financial crisis hit, the nonprofit business research group said Tuesday.
December 30, 2009 |
Consumer confidence and expectations have risen, and more employers are planning to hire workers in 2010, according to studies released Tuesday, signaling increasing economic strength. A consumer expectations index formulated by the Conference Board rose to its highest level in two years, but Americans still feel pessimistic about their current state. The nonprofit organization's "present situation index" fell to its lowest point in 26 years. "While the worst of the economic times are behind us, it's not euphoria," said Lynn Franco, director of the board's Consumer Research Center.
December 28, 2009
The week ahead TUESDAY Standard & Poor's/Case- Shiller releases its October index of home prices. The Conference Board releases its December consumer confidence index. WEDNESDAY The Institute for Supply Management and Chicago and Kingsbury International release the Chicago PMI, a monthly measure of business conditions based on surveys of purchasing managers across Illinois, Indiana and Michigan. THURSDAY U.S. Department of Labor releases initial unemployment claims data.
September 30, 2009 |
Concerns that consumers won't help drive a speedy and strong economic recovery escalated after a widely watched barometer of confidence fell unexpectedly this month. The Conference Board said its consumer confidence index dropped to 53.1 in September, down from a revised 54.5 in August. Economists surveyed by Thomson Reuters had expected a reading of 57. Among the worrisome signs in the Conference Board's release were that shoppers' spending intentions declined for big-ticket purchases: cars, homes and major appliances.
May 25, 2009 |
Investors are uneasy going into this week, which will bring two reports on April home sales and the latest assessment of consumer confidence. They're also nervous about next week's widely expected bankruptcy filing by General Motors Corp. "There are some big, big, big issues going on right now," said Tommy Williams, president of Williams Financial Advisors in Shreveport, La. "I don't think any one of them are going away this summer." The major indicators managed to eke out gains last week.