American Consumer Confidence Falls with Concerns About the Economy

The Conference Board said Consumer Confidence fell in January, falling to 107.1 (below consensus 109.0) from an upwardly revised 109 in December. The Expectations Index retreated in January reflecting their concerns about the economy over the next six months. Consumers expect business conditions to worsen in the near term. Purchasing plans for autos and appliances held steady, but fewer consumers are planning to buy a home—new or existing. For perspective in the same period a year ago, the Consumer Confidence Index … Continue reading “American Consumer Confidence Falls with Concerns About the Economy”

American Consumer Confidence Rises Heading into Christmas

The Conference Board said Consumer Confidence rose surprisingly in December, jumping to 108.3 (well above consensus 101.0) from an upwardly revised 101.4 (from 100.2) in November. Hope rose as prices though at extreme levels had levelled off.  Present Situation and Expectations Indexes improved driven by improved views of the economy and jobs, led by declining gas prices contributing to the lowest level for year-ahead inflation expectations since September 2021. For perspective in the same period a year ago, the Consumer … Continue reading “American Consumer Confidence Rises Heading into Christmas”

Inflation and Interest Rate Hikes Continue to Pressure American Consumer Confidence

The Conference Board said Consumer Confidence fell in November as inflation and interest rate hikes continue to pressure consumer confidence. The Conference Board’s Consumer Confidence Index fell to 100.2 in November (consensus 100.0) from a downwardly revised 102.2 (from 102.5) in October. The expectations number remains in recessionary territory below 80. For perspective in the same period a year ago, the Consumer Confidence Index stood at 111.9. Intentions to buy homes, autos, and big-ticket appliances have all cooled, according to … Continue reading “Inflation and Interest Rate Hikes Continue to Pressure American Consumer Confidence”

US Consumer Sentiment Rises as Households Inflation Expectations Fall

U.S. consumer sentiment rose in early September as it continues to recover from a stunning loss of confidence back in June the preliminary University of Michigan Index of Consumer Sentiment showed. The preliminary August estimate rose to 59.5 (consensus 60.0) versus the final reading of 58.2 for August. In the same period a year ago, the Index of Consumer Sentiment was 72.8. Consumer sentiment has stopped deteriorating, with relief from the drop in gasoline prices. Consumer sentiment has found some … Continue reading “US Consumer Sentiment Rises as Households Inflation Expectations Fall”

American Consumer Confidence Rises First Time in Four Months

The Conference Board said Consumer Confidence rose in August for the first increase in the index in four months to 103.2 in August (consensus 97.4) from a downwardly revised 95.3 (from 95.7) in July. Hope rose as prices though at extreme levels had levelled off while political discourse continued. For perspective in the same period a year ago, the Consumer Confidence Index stood at 115.2. The Conference Board US August Consumer Confidence The Conference Board’s Consumer Confidence Index rose to 103.2 … Continue reading “American Consumer Confidence Rises First Time in Four Months”

US Consumer Sentiment Recovers from Record Low in August

U.S. consumer sentiment rose in early August recovering from a stunning loss of confidence in June the preliminary University of Michigan Index of Consumer Sentiment showed. The preliminary August estimate rose 3.6 index points to 55.1 from a July reading of 51.5. Consumer sentiment has found some since dropping to 50.20 in June, the lowest reading on records dating back to 1952. Inflation pressures are seriously undermining consumer sentiment. The losses in confidence were widespread across income, age, and education … Continue reading “US Consumer Sentiment Recovers from Record Low in August”

Consumer Confidence Slumps Further as Recession Risks Persist

The Conference Board said Consumer Confidence declined in July for the third consecutive month in the US with the index at 95.7 (consensus 96.4) from a downwardly revised 98.4 (from 98.7) in June. Angst continued as prices soared and political discourse continued to hot consumer sentiment. Consumers were also more pessimistic about the short-term outlook with the Expectations Index dipped to 65.3 from 65.8 in June. The Conference Board US July Consumer Confidence The Conference Board’s Consumer Confidence Index dropped to … Continue reading “Consumer Confidence Slumps Further as Recession Risks Persist”

American Consumers Credit Slows Down in May Among Growing Recession Fears.

US consumer credit in May expanded by $22.35 billion, the smallest since January, after rising by a downwardly revised $36.76 billion in April, the Federal Reserve said on Friday. Analysts were way off on these numbers. Reuters polls had them expecting consumer credit to climb $31.90 billion after a previously reported $38.07 billion advance in April. With consumer sentiment at the lowest ever and inflation at 40 year high we are seeing consumer ‘retrained’ after two years of lockdown not … Continue reading “American Consumers Credit Slows Down in May Among Growing Recession Fears.”

Japanese Consumers Spending at Steepest Pace Since May 2021

Japan’s retail sales rose for the third straight month in May 2022 and at the steepest pace since May 2021. The lift came from the strength in consumption as the government has lifted all COVID-19 restrictions. Japanese sales of general merchandise picked up sharply at 20.7% vs 8% in April with faster rises in sales of fabric apparel & accessories at 11.8% vs 9.7%. Meanwhile, sales of motor vehicles dropped for the ninth consecutive months -10.1% vs -7.5%.  Auto sales … Continue reading “Japanese Consumers Spending at Steepest Pace Since May 2021”

Household Financial Stress Highest Since Outset of Pandemic US Economic Optimism Index Shows

The IBD/TIPP Economic Optimism Index in the US fell to the lowest since August 2011 38.1 in June of 2022 from 41.2 in the previous month. This follows the record low seen on Friday in the University of Michigan Index of Consumer Sentiment. Consumers report a stunning loss of confidence in June of Consumer Sentiment both reports show. Household financial stress hit the highest level since the outset of the pandemic in April 2020, as gas prices hit new records … Continue reading “Household Financial Stress Highest Since Outset of Pandemic US Economic Optimism Index Shows”