Consumerist
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recession
Consumer Confidence Plunges To New Low
The consumer confidence index plunged to 25 in Feb., down from 37.4 in Jan. Many economists only predicted it would fall to 35. The index is based on a monthly survey of 5,000 households, responding "positive", "negative" or "neutral" to five questions about how they feel about certain economic conditions. A decline means people are going to be spending less. Here's a more specific breakdown of how people responded to the specific questions:
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consumer confidence
Consumer Confidence Rises 5 Points
The Consumer Confidence Index rose to 56.9 in August from 51.9. in July, as concerns about inflation ebbed and oil prices slipped. Although, during the same period, consumers' opinion of the present state of affairs and their job prospects dipped. "Consumer confidence readings suggest that the economy remains stuck in neutral, but may be showing signs of improvement by early next year...However, overall readings are still quite low by historical standards and it is still too early to tell if the worst is behind us," said Lynn Franco, Director of The Conference Board Consumer Research Center.
Consumer Confidence Improves in August, Reports The Conference Board [Conference Board]
As Inflation Worries Ease, Confidence Returns [NYT] -
economics
Consumer Confidence Plunges
Y'all really don't have good feelings about the economy, according to the Consumer Confidence Index which dropped to 75 this month from 87.3 in January. That's the lowest it's been since the 64.8 of Feb '03, just before the US invaded Iraq. Furthemore, the "expectations for th next six months index" dropped to 57.9 from 69.3 in January. It might be a good time to start eating less so your stomach shrinks in preparation for the lean times.
Consumer Confidence Down Sharply [NYT]
(Photo: Getty)
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