The Reopening: Consumer Confidence Climbed in April to 14-Month High
U.S. consumers feel better about their finances and the economy than any time since the pandemic hit.
U.S. consumers feel better about their finances and the economy than any time since the pandemic hit.
Consumer confidence soared in March to its best level in a year, the Conference Board said Tuesday. The index of consumer confidence jumped to a reading of 109.7 from a downwardly revised 90.4 in February.
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.
Consumers’ assessments of current conditions ticked down but expectations improved.
A sharp deterioration in the assessment of current conditions dragged the confidence index down for a second straight month.
The prospects of lockdowns and a likely Biden presidency has dimmed the outlook of U.S. consumers.
Consumers feel better about current conditions but have grown less confident about the future, especially when it comes to jobs.
The first week of October is referred to as the “Golden Week” in China, a week-long national holiday to commemorate the founding of the Communist government that normally produces a huge surge in tourist activity.
Consumer confidence rose by much more than expected in June as states reopened their economies.
American optimism strengthened in May as coronavirus restrictions were relaxed and many areas saw infections and deaths decline.
The share of Americans expecting more jobs six months from now rose from 16.9 percent to 41.0 percent.
American consumers grew more optimistic in February but their assessment of present conditions dimmed a bit.
Britons are feeling the most optimistic in their domestic financial wellbeing for 11 years, in the latest sign of confidence since Boris Johnson won the election and the UK left the EU.
Confidence is high enough to prevent the economy from slowing down in the first half of 2020, the Conference Board said.
This Thanksgiving will see some 55 million Americans traveling more than 50 miles over the holiday weekend, according to AAA.
Despite dipping again in November, confidence levels remain high and should support solid spending during this holiday season.
October’s survey shows healthy level of confidence and should stave off fears that a recession could occur in the near future.
Consumer confidence appears to have been rattled in early September by trade tensions, the Conference Board said.
Consumers shrugged off trade tensions and Democrat attempts to talk down the economy in July, pushing confidence higher than expected.
Recessions are inevitable but that does not mean one is on the horizon, despite dire headlines in the media.
Defying predictions that the trade war would prompt consumers to pull back, confidence soared to near 18-year highs in May.|
The better-than-expected number is an indication that consumers are feeling optimistic as the second quarter of 2019 begins.
Consumer confidence remains at a historically strong level but has declined from the heights recorded in 2018. |
Consumer confidence jumped higher in February thanks to rosier expectations about what the future holds for America
Confidence fell for the third consecutive month but remains quite high by historical standards.
Down but still near all-time highs.
Consumers confidence unexpectedly climbed higher in October thanks to improved views of the current situation and rising expectations for the future.
A surge in consumer expectations points to higher than 3 percent growth for the rest of the year.
Economists thought we would see a decline in confidence in August. Instead, consumer confidence soared as views of business and labor conditions improved and expectations jumped.
Inflation is low. Jobs are plentiful. Savings are solid. Spending and incomes are rising. It’s a very good summer to be an American.
Americans are not tired of winning yet. Consumer views of current economic conditions increased to a 17-year high, indicating that the economy is likely growing at a faster pace in the second quarter than it did in the first three months of 2018.
“Trump in one year is already better than sixteen years of [George W. Bush and Barack Obama] put together,” said former Wall Street Journal editor Brett M. Decker, pointing to a current 17-year high in consumer confidence.
U.S. consumer confidence continued to rise in the final months of President Donald Trump’s first year, hitting the highest level in 17 years, while unemployment has plunged to the lowest level during that same time.
Consumer confidence in the U.S. is soaring yet again as it reached a 17-year high this month, according to the latest Consumer Confidence Index survey.
Consumers’ confidence in the U.S. economy has reached its highest level in 17 years, according to the latest Consumer Confidence Index survey measuring consumer attitudes about the economy.
Measures of consumer and business confidence continue to defy experts by climbing ever higher since the election of President Donald Trump. Despite media reports of hate crimes and an ongoing narrative that America has unentered a period of uncertainty and ill-will, surveys of consumers show that Americans are feeling better than they have for nearly all of this century.
Consumer confidence indicators have hit nine-year highs in California following Donald Trump’s surprise victory in the 2016 presidential inauguration, even though Trump lost the state by staggering margins.
The Conference Board, which measures consumer confidence, reports that consumers in the Golden State are more confident that they have been since 2007, before the Great Recession.
(REUTERS) – British consumer morale rocketed back to pre-Brexit levels in September, a survey found, confounding expectations that the vote to leave the EU would wreak more lasting damage on Briton’s willingness to spend.
Britain’s high streets are heaving with shoppers despite June’s shock vote to leave the European Union, big companies have reported few signs of distress and some tabloid newspapers are even talking about a post-Brexit economic boom.