Consumerist
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recession watch
Unemployment Claims And Consumer Confidence Down, Whirlpool To Lay Off 1,100
The number of new unemployment claims filed nationwide was down to only 570,000 last week, but consumer confidence is at a four-month low. Maybe that's because newsworthy layoffs continue, including Whirlpool announcing that they will cut 1,100 full-time positions in the U.S., located in Evansville, Indiana. More » -
economics
Everyone Still Shocked That High Unemployment Leads To Low Consumer Confidence
Consumer Confidence is down again. For example, the new score is 46.6. NPR says, "It would take a reading above 90 to signal that the economy is on solid footing." More » -
summer sales
Consumer Confidence Drops Even Lower — But Is The Recession Really To Blame?
Well, after a quick, hi-energy burst of enthusiasm in the spring, we're back in the doldrums. The consumer confidence index is down to 49.3, below its May level of 54.8. (A level of 90 would indicate a "solid" economy.) And June sales figures due out next week are expected to show a fairly dismal 6% decline since May. More » -
recession
Consumer Confidence Is Up. Wait, Compared To What?
Do you feel more confident? According to the Conference Board, consumer confidence is up to its highest level in eight months, and made its biggest increase in six years. More » -
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:
More »
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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] -
consumer confidence
Hey, We've Got The Lowest Consumer Confidence Since The First Bush Administration!
Consumers are hurting these days and they haven't hurt this bad since Papa Bush was in office way back in 1992. More » -
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Consumer Confidence is now at a 16 year low, according to the Reuters/University of Michigan Survey of Consumers. [Reuters]
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economy
Consumer Confidence Plunges To Recession Levels
Reuters says that consumer confidence has plunged to levels associated with the recessions of the '70s, '80s, and '90s.The Reuters/University of Michigan Surveys of Consumers index of consumer sentiment dropped to 69.6, the lowest reading since February 1992, and below analysts' median forecast for a preliminary reading of 76.3.
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economy
Consumer Spending May Actually Be Dropping
The New York Times says that rather than slowing, consumer spending may actually be dropping, and that's not good. More » -
Turbulence: Consumer confidence drops to 2-year low. Home prices drop the sharpest they've ever dropped. Stocks fall 10%.
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Good work consumers, you spent $10.3 billion on Black Friday - an 8.3% increase from last year. Degree-holding pessimists forecast that sales would rise only 4 to 5 percent. [AP]
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retail
Consumer Confidence At 2 Year Low, Again
Another consumer confidence index has plummeted to its lowest post-Katrina level, and retailers are crying in dark corners of their bedrooms, waiting for the inevitable disastrous holiday season. More » -
economy
Fed Chair Warns Congress of Economic Slowdown, Continuing Mortgage Crisis
Federal Reserve Chairman Ben Bernanke isn't feeling too optimistic about the economy these days, according to NPR. He warned Congress today of an coming economic slowdown tied to the subprime meltdown, the surge in energy prices, and oh yeah, did we mention the subprime meltdown? More » -
economy
Perk Up: Consumer Confidence Falls To Two Year Low
Hey there, camper! Why the long face? Bloomberg is reporting that consumer confidence is at a two year low. Does someone need a hug? More » -
oh noes
Retail Panic: Will This Be The Worst Holiday Season Ever?
Analysts aren't pleased with Lowe's and Target's latest news. More »
consumer confidence
New York, 8:53 PM
Sat Nov 21
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