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The Conference Board's Expectations Index dropped to a five-month low of 81.1 in December. That data nears the threshold of 80, which typically signals a recession ahead. Some people surveyed are ...
Consumer confidence is an economic indicator that measures the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation. If the consumer has confidence in the immediate and near future economy and his/her personal finance, then the consumer will spend more than save.
"Consumer confidence is volatile on a month-to-month basis and has not been an important driver of consumer spending in recent years," said Michael Pearce, deputy chief U.S. economist at Oxford ...
Still, respondents to the September consumer confidence survey are clearly feeling the effects of a labor market in which fewer companies are looking to hire new workers. In September, 18.3% of ...
WASHINGTON (Reuters) -U.S. consumer confidence dropped to a four-month low in September, weighed down by persistent worries about higher prices and rising fears of a recession, though households ...
A consumer confidence index (CCI) is an economic indicator published by various organizations in several countries. In simple terms, increased consumer confidence indicates economic growth in which consumers are spending money, indicating higher consumption. Decreasing consumer confidence implies slowing economic growth, and so consumers are ...
Americans are losing confidence about the economic outlook.
The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 103 in September from 108.7 in August. Analysts were expecting a smaller decrease, to a ...