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Consumer Confidence

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NEWS
July 30, 2014
Does the recent uptick in consumer confidence indicate that the agendas of the White House and Congress are misaligned with middle class aspirations? The U.S. consumer confidence index jumped to 90.9 in July, marking the highest level in seven years from a revised 86.4 in June. Lynn Franco, director of economic indicators at The Conference Board recently stated that "job growth helped boost consumers' assessment of current conditions while brighter short-term outlooks for the economy and jobs, and to a lesser extent personal income, drove the gain in expectations.
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NEWS
July 30, 2014
Does the recent uptick in consumer confidence indicate that the agendas of the White House and Congress are misaligned with middle class aspirations? The U.S. consumer confidence index jumped to 90.9 in July, marking the highest level in seven years from a revised 86.4 in June. Lynn Franco, director of economic indicators at The Conference Board recently stated that "job growth helped boost consumers' assessment of current conditions while brighter short-term outlooks for the economy and jobs, and to a lesser extent personal income, drove the gain in expectations.
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BUSINESS
By New York Times News Service | June 28, 1995
WASHINGTON -- Consumer confidence took its steepest fall in nearly three years in June, dropping to the lowest level since late last year, the Conference Board reported yesterday.The surprisingly big decline reported by the New York-based business research group was taken as a sign that consumers, their incomes growing slowly and saddled with high debt, will continue to spend cautiously in coming months.Still, analysts tended to play down the effect of this latest economic reading on the Federal Reserve, which many believe is likely to reduce short-term interest rates at a meeting next week.
BUSINESS
Lorraine Mirabella | January 1, 2014
Consumer confidence is on the rebound. The Conference Board Consumer Confidence Index increased to 78.1 in December from 72.0 in November, the Conference Board said. The monthly consumer confidence survey looks at what consumers buy and watch. Confidence "is now close to pre-government shutdown levels," said Lynn Franco, director of economic indicators at the Conference Board. The index measured 80.2 in September. Consumers' feelings about current conditions increased to a more than five-year high thanks to perceptions of more favorable economic and labor market conditions.
BUSINESS
By Bloomberg Business News | December 27, 1994
WASHINGTON -- High employment levels boosted U.S. consumer confidence in December, analysts said.The Conference Board's consumer confidence index rose to 102.6 this month from 101.3 in November, according to the average of nine forecasts in a Bloomberg Business News survey. NTC The business research group is expected to issue the report today. Estimates in the Bloomberg survey ranged from 98.5 to 108.5.Heading into the new year, consumer confidence is likely to wane as holiday bills come in and the cost of borrowing rises, analysts said.
BUSINESS
By Bloomberg Business News | October 27, 1993
NEW YORK -- Stocks declined yesterday as the Conference Board said consumer confidence fell in October and weak technology issues pushed down Nasdaq stocks."
BUSINESS
By Los Angeles Daily News | January 30, 1991
Concern over the Persian Gulf crisis drove U.S. consumer confidence in January to its lowest point in 10 years, according to a survey.But the New York-based Conference Board said yesterday that its survey indicated confidence could quickly rise if the Mideast war ends soon.Consumer confidence fell sharply in the first part of the month, but picked up slightly after war in the Persian Gulf broke out because of early indications that the conflict would end quickly, said Fabian Linden, the board's executive director.
BUSINESS
By Scott Pendleton and Scott Pendleton,Christian Science Monitor | December 9, 1990
CHICAGO -- Not only homebuilders are being hit by the weakness in the sale of new homes this year. So are mortgage bankers.Indeed, some of these bankers have found their business plunging since Iraq's invasion of Kuwait damaged consumer confidence.Last month the value of loans originated by a nationwide sample of large mortgage bankers declined 30 percent compared to September 1989, says Thomas Wratten of Metmor Financial Inc., based in Overland Park, Kan.Metmor originates residential mortgage loans for the Metropolitan Life Insurance Company.
BUSINESS
By Rachel Sams | August 1, 1999
THE CONFERENCE BOARD reports that its index of consumer confidence, which measures consumers' willingness to spend, declined in July. The index dropped 3.4 points to 135.6, from a revised 139 in June. The larger-than-expected downturn followed eight months of consecutive gains in the index, which had culminated in a 30-year high and followed the Federal Reserve's move to nudge up interest rates.Is the drop just a blip after several record months, or does it signify a more pronounced slowing in the economy?
BUSINESS
By New York Times News Service | May 26, 1993
Bill Clinton's economic program isn't playing any better on Main Street than the president's $200 haircut, according to the latest consumer confidence poll.Virtually all the postelection surge in optimism about the new administration's ability to turn the economy around quickly has evaporated, the Conference Board survey for May showed.Confidence in May plunged to the lowest level since October, the private research group said yesterday. And job worries are intensifying despite few reports of major new layoffs and Labor Department data suggesting that job growth picked up modestly in the past six months.
NEWS
May 28, 2013
The latest indicator that the U.S. economy is on the upswing can probably be found on the street where you live: It's the "sold" sign planted in the neighbor's yard. Perhaps you hadn't noticed, but the real estate industry is not the moribund mess you might remember from the crash. U.S. housing prices rose in March for the biggest gain in seven years and the fourth consecutive quarter of year-over-year improvement. Meanwhile, the consumer confidence level was reported at its highest point since February 2008, at 76.2 percent, according to The Conference Board.
BUSINESS
Lorraine Mirabella | October 13, 2012
Consumers plan to spend the same or more than last year on holiday shopping, new consumer research shows. A holiday spending survey by market research firm The NPD Group shows that 10 percent of consumers expect to spend more than last year, while 67 percent plan to spend about the same amount. The percentage of consumers who plan to maintain or boost spending  has grown slightly from NPD's 2011 holiday spending survey. Meanwhile, the share of consumers who will spend less than they did last year is decreasing.
NEWS
Article by Jeffrey S. Detwiler President and Chief Operating Officer of The Long&Foster® Companies | March 30, 2012
ADVERTORIAL CONTENT Investing in the housing market was once practically a no brainer. Through the downturn, however, many of the fixed  assumptions about housing - that property values would  always rise and equity would naturally grow - became variable, leaving many consumers questioning the extent to which the real estate market was a good investment option for them, or if now was the time to purchase that new home they have always wanted....
BUSINESS
By Eileen Ambrose, Liz F. Kay and Andrea K. Walker, The Baltimore Sun | August 9, 2011
Bettie Dunkin was surprisingly unfazed by the financial turmoil of the last few days. The 53-year-old accountant, who had been out of work for months and only recently landed a temporary job, spoke for many Americans when she said: "We're getting numb. " Consumers and businesses have been buffeted by a spate of bad economic news in the past three years. For every positive sign that a recovery has taken hold, there were other signals that raised doubts. Then came Monday's stock market plunge on the heels of the unprecedented downgrade of the country's credit rating.
BUSINESS
February 24, 2010
NEW YORK - Americans' outlook on the economy went into relapse in February. Rising job worries sent a key barometer of confidence to its lowest point in 10 months. The Conference Board said Tuesday its Consumer Confidence Index fell almost 11 points to 46 in February, from January. Analysts were expecting only a slight decrease to 55. It was the lowest level since a 40.8 reading in April 2009. A reading above 90 means the economy is on solid footing. - Associated Press
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,lorraine.mirabella@baltsun.com | October 26, 2008
Consumers are shopping less, driving less, eating out less and taking fewer trips. With the economy in a tailspin, there's talk of people rediscovering the art of coupon clipping. The economic turmoil of the past month, only adding to previous housing and credit woes, has consumers scared and pulling back in a big way. Consumer confidence hit lows earlier this year, and it's expected to go even lower. Unemployment is rising. The presidential election adds its own measure of uncertainty.
BUSINESS
By BLOOMBERG NEWS | July 1, 1998
WASHINGTON -- Consumer confidence in the U.S. economy soared in June to its highest level in three decades, suggesting that strong spending will help cushion a worsening outlook for manufacturing and exports to Asia.The Conference Board's index of consumer confidence, released yesterday, rose to 137.6 this month from 136.3 in May, propelled by an abundance of jobs, low interest rates, low inflation and stock market gains, the New York-based business research group said.Factory activity in the Midwest slowed in June, according to the National Association of Purchasing Management, suggesting a broader slowdown in U.S. manufacturing.
BUSINESS
By Ken Bensinger and Ken Bensinger,Los Angeles Times | October 2, 2008
Auto sales dropped sharply in September as consumer unease mounted in the face of the crisis on Wall Street and restricted credit. Toyota Motor Corp., Chrysler, Ford Motor Co. and Nissan Motor Co. reported U.S. sales declines of more than 30 percent for the month, compared with September 2007, while Honda Motor Co. and General Motors Corp. showed sharp downturns, as well. Overall, the industry sold 964,873 vehicles - a 26.6 percent slide from a year earlier and its biggest percentage drop in 17 years, Autodata Corp.
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