Consumer confidence climbed in November, reaching its highest level in over a year, as Americans responded to an improving economy and Donald Trump’s return to the presidency. The Conference Board’s consumer confidence index rose to 111.7, up from a revised
Consumers are much less happy with current conditions and more pessimistic about what’s coming.
While the leading indicators no longer point to a looming recession, the COnference Board says growth is likely to slow to a one percent pace in the second half of this year.
Manufacturing and residential construction were key drivers in the unexpected rise in the closely watched index of leading indicators.
Hisatory’s most anticipated recession appears to be over before it even began.
The Shaky Edifice of Improved Consumer Confidence Americans are feeling better about the economy than they have in years. Or at least Democrats are. Consumer confidence—as measured by the Conference Board’s monthly survey—surged to a two-year high in January, the
Although the Leading Economic Index is has slowed its decline, the numbers still point to a recession in the second and third quarters of this year.
More than two-thirds of consumers still said recession is ‘somewhat’ or ‘very likely.’
The proportion of consumers saying recession is ‘somewhat’ or ‘very likely’ rose in September after dropping in August.
The confidence of American households in the health of the U.S. economy unexpectedly declined in August, with optimism about the future dropping near to levels typically associated with the approach of a recession. The index of U.S. consumer confidence fell
Consumer confidence fell in May from April but remained above the level expected by economists.
Even though consumers are slightly more upbeat about the present, they are increasingly wary of the near future.
The consumer expectations barometer fell again, hitting a six month low, and remains at a low level consistent with a looming recession.
Consumer confidence was driven down by a sharp decline in assessments of the present situation.
An increasing share of consumers expect higher incomes and more plentiful jobs six months from now, confounding Fed attempts to cool the labor market.
People are increasingly unhappy with economic conditions as inflation keeps rising and a recession looks increasingly likely.
June saw a bigger than expected decline in consumer confidence due to worsening expectations for the economy.
Views of the current situation grew less positive while the outlook failed to recover from last month’s hope crash.
A strong labor market and the retreat of covid-19 provided some buoyancy to consumer confidence in March, although inflation, gas prices, and the outbreak of war in Ukraine have dimmed expectations for the near-term future. The Conference Board said its
High and rising inflation is convincing more people that business conditions are poor and the labor market will weaken in the months ahead.
Consumer confidence declined for the third straight month as plans to spend on homes, autos, and major appliances all retreated.
The index of consumer confidence rose to a three-month high of 91.3 in February, the Conference Board said Tuesday. That was better than expected.
If President Donald Trump can push his H-1B reforms into 2021, he will dramatically increase the marketplace power of U.S. college graduates, complains a top manager at the Fortune 500 business group the Conference Board.
The share of Americans expecting more jobs six months from now rose from 16.9 percent to 41.0 percent.
Younger Americans got an eye-popping 7.6 percent pay increase from late 2017 to late 2018, according to a survey of 2,000 Americans by the D.C.-based Conference Board, a business-run economic research center.
The wages, productivity, and work satisfaction of blue-collar Americans are rising fast under President Donald Trump’s high pressure, low-immigration economy.
