The Conference Board’s Consumer Confidence Index rose to 54.1 in August, versus a Bloomberg consensus forecast of 48.0, and a previous reading of 47.4. This is the highest level since December 2007. The August Present Situation Index rose to 24.9 versus 23.3, while the August Expectations Index rose to 73.5 from 63.4. Weakness in the […]
Archive:
consumer confidence
This week looks to be another whirlwind week of significant economic releases coming from the consumer and housing sectors, along with an update on 2Q09 GDP growth. In addition to this, Monday will see the end of the US government’s highly successful ‘Cash for Clunkers’ program, which over the course of its existence has positively […]
The Conference Board’s Consumer Confidence index fell to 46.6 in July from 49.3. The Present Condition Index fell to 23.4 from an initial reading of 25.0, while the Expectations Index fell to 62.0 compared to an initial reading of 65.5. Weakness in the labor market was likely the primary driver behind these declines. This is […]
As I highlighted in my column on TheStreet.com on Monday shipping stocks will be highly susceptible to any major economic news impacting market’s views on the long-term outlook. This mornings consumer confidence number was proof of that, tumbling to 49.3 compared to 54.8 last month. Both the present situation index and the future situation index […]
Despite the shortened work week, we have a rather busy schedule of US economic data releases, climaxing with Thursday’s US employment data. Last month’s payroll data caught the market by surprise coming in well above expectations, demonstrating the lowest level of job losses since September 2008. But, the big question remains, was this start of […]