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Even with the pressure of the holiday season, consumers are feeling better this month. Consumer sentiment improved from November, thanks to growth in personal incomes and the possibility of a light at the end of the job market tunnel. The latest Reuters/University of Michigan Surveys of Consumers report puts the December consumer sentiment index at 72.5, its highest level since September. In November, the index reached only 67.4 -- up substantially from 60.1 a year ago.

Nonetheless, the latest result didn't meet analysts' median expectation of 73.5 and came in under the preliminary figure of 73.4.

Continue reading Consumer Sentiment Is Up, but Not Enough

Consumer Sentiment Is Up, but Not Enough originally appeared on BloggingStocks on Thu, 24 Dec 2009 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>consumer sentimenteconomyinthenewsReuters University of Michigan Surveys of ConsumersRichard CurtinUniversity of Michigan Surveys of ConsumersThu, 24 Dec 2009 12:00:00 EST<![CDATA[Consumer sentiment down, but glimmer of hope in trade data]]>http://www.bloggingstocks.com/2009/11/13/consumer-sentiment-down-but-glimmer-of-hope-in-trade-data/http://www.bloggingstocks.com/2009/11/13/consumer-sentiment-down-but-glimmer-of-hope-in-trade-data/http://www.bloggingstocks.com/2009/11/13/consumer-sentiment-down-but-glimmer-of-hope-in-trade-data/#commentsFiled under: ,

There's always good news, if you're willing to look hard for it. So, even though consumer sentiment dropped as unemployment rose, you can find the seeds of economic recovery in some of the U.S. import and export data reported recently.

Consumer sentiment fell early this month, largely because of the grim outlook for the job market. Consumers don't see a recovery coming anytime soon, with economists saying that unemployment has yet to peak despite having hit 10.2% already. Hopes edged higher in September when imports were seen to be on the rise, but sentiment starts and ends with jobs.

Continue reading Consumer sentiment down, but glimmer of hope in trade data

Consumer sentiment down, but glimmer of hope in trade data originally appeared on BloggingStocks on Fri, 13 Nov 2009 17:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>consumer sentimentConsumerSentimentrecessionReuters University of Michigan Surveys of ConsumersReutersUniversityOfMichiganSurveysOfConsumersTrade DeficitTradeDeficitunemploymentunemployment rateUnemploymentRateFri, 13 Nov 2009 17:20:00 EST<![CDATA[U.S. consumer sentiment remains near 28-year lows on declining home prices, tepid job market]]>http://www.bloggingstocks.com/2008/07/11/u-s-consumer-sentiment-remains-near-28-year-lows-on-declining-h/http://www.bloggingstocks.com/2008/07/11/u-s-consumer-sentiment-remains-near-28-year-lows-on-declining-h/http://www.bloggingstocks.com/2008/07/11/u-s-consumer-sentiment-remains-near-28-year-lows-on-declining-h/#commentsFiled under: , ,

U.S. consumer confidence in July remained near 28-year lows, an indication American adults continue to be concerned about rising energy and food prices, job layoffs, and the prospects for a U.S. economic recovery.

The Reuters/University of Michigan Surveys of Consumers said its reading of confidence rose just slightly to to 56.6 in July, from 56.4 in June. The index stood at 59.8 in May, 62.8 in April, and 69.5 in March, Reuters reported Friday.

The July reading was a scant rise and hardly a positive data point for the economy, given that June's reading was the index's lowest since May 1980 -- a period also characterized by high oil/gasoline prices and a sluggish U.S. economy.

Economists surveyed by Bloomberg News had predicted that the May index would fall to 56.0.

Americans 'guarded and concerned' about economy

Economist Peter Dawson told BloggingStocks Friday July's consumer sentiment reading did nothing to shift his evaluation regarding the American people's stance toward the U.S. economy.

"The public remains guarded and concerned, with little optimism, save for a few, fortunate income and wealth segments. We have the most serious economic downturn in a decade, from the stand point of the typical person or employee. Consumers are seeing gasoline and food prices rise by the week, and they're concerned about job losses," Dawson said. "When you combine job worries with price rises just about everywhere you look, with a housing sector that shows little signs of recovery, and the lower home values that trend implies, it doesn't breed consumer confidence, so it's not surprising the [University of] Michigan survey reading is near its lowest point in decades."

Continue reading U.S. consumer sentiment remains near 28-year lows on declining home prices, tepid job market

U.S. consumer sentiment remains near 28-year lows on declining home prices, tepid job market originally appeared on BloggingStocks on Fri, 11 Jul 2008 11:34:00 EST. Please see our terms for use of feeds.

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U.S. consumer confidence in early June plunged to its lowest level in 28 years, an indication American adults are becoming increasingly concerned about rising energy and food prices, job layoffs, and the prospects for a U.S. economic recovery.

The Reuters/University of Michigan Surveys of Consumers said its reading of confidence fell to 56.7 in June from 59.8 in May.

It was the index's lowest reading since May 1980 -- a period also characterized by high oil/gasoline prices and a sluggish U.S. economy.

Economists surveyed by Bloomberg News had predicted that the May index would fall to 59.8. The index stood at 62.8 in April 2008 and 69.5 in March.

U.S. public: jittery

Economist Peter Dawson told BloggingStocks Friday, June's consumer sentiment reading shows an American public "with a warranted case of the jitters."

Continue reading Consumer confidence hits 28-year low in June, says U. Michigan survey

Consumer confidence hits 28-year low in June, says U. Michigan survey originally appeared on BloggingStocks on Fri, 13 Jun 2008 11:56:00 EST. Please see our terms for use of feeds.

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U.S. consumer confidence in May 2008 plunged to its lowest level in almost 28 years, an indication American adults are very concerned about the near-term health of the U.S. economy as it slides into its first recession in six years.

The Reuters/University of Michigan Surveys of Consumers said its index of confidence fell to 59.5 in May 2008, Reuters reported Friday.

It was the index's lowest reading since June 1980 -- a period also characterized by high oil/gasoline prices and a sluggish U.S. economy.

Economists surveyed by Bloomberg News had predicted that the April 2008 index would fall to 62.5. The index stood at 63.2 in April 2008 and 69.5 in March 2008.

'An awful number'

Economist Peter Dawson told BloggingStocks Friday May's consumer sentiment reading reflects conditions on the ground. "It's an awful number, but it reflects conditions on Main Street, as the typical person experiences them," Dawson said. "We've got falling home prices, record-high gas prices, rising food prices, property taxes increasing in many areas, and no job growth. It's not a happy time for Americans right now and the University of Michigan sentiment numbers reflect that."

Continue reading May consumer sentiment drops to 28-year low on falling home prices, tepid job market

May consumer sentiment drops to 28-year low on falling home prices, tepid job market originally appeared on BloggingStocks on Fri, 16 May 2008 11:11:00 EST. Please see our terms for use of feeds.

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