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Consumer confidence dips in February
Consumer confidence fell for the first time since November’s election, as party lines divided Americans following a boost in enthusiasm for economic policies under President Donald Trump. The University of Michigan said Friday that its final index of sentiment for February dropped to 96.3 from January’s 98.5, which was the highest since 2004. That compares with the median projection of 96 in a Bloomberg survey and a preliminary reading of 95.7. For more, click here...
U.S. consumer sentiment cooled in February
Consumer confidence retreated in February from a 13-year high as Americans tempered expectations of their finances and the economy, with sentiment remaining sharply divided among party lines. The University of Michigan said Friday that its preliminary index of sentiment cooled to a three-month low of 95.7 from 98.5 in January. The median projection in a Bloomberg survey called for 98. For more, click here...
U.S. consumer confidence declined in January
The Conference Board Consumer Confidence Index®, which had increased in December, retreated in January. The Index now stands at 111.8 (1985=100), down from 113.3 in December. The Present Situation Index increased from 123.5 to 129.7, but the Expectations Index decreased from 106.4 last month to 99.8. The monthly Consumer Confidence Survey®, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was January 19. "Consumer confidence decreased in January, after reaching a 15-year high in December (Aug. 2001, 114.0),” said Lynn Franco, Director of Economic Indicators at The Conference Board. For more, click here...
U.S. consumer sentiment hits 13-year high
Consumer confidence rose in January to a 13-year high, reflecting ongoing optimism about post-election fiscal policies and their impact on economic growth. The University of Michigan said Friday that its final index of sentiment increased to 98.5 from 98.2 in December. The median projection in a Bloomberg survey called for the measure to hold at its preliminary reading of 98.1. For more, click here...
Consumer Price Index up marginally
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3% in December on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 2.1% before seasonal adjustment. Continuing their recent trends, the shelter and gasoline indexes increased in December and were largely responsible for the seasonally adjusted all items increase. The shelter index rose 0.3% in December, while the gasoline index increased 3.0%. For more, click here...
Consumer confidence index unchanged
A measure of consumers' attitudes remained unchanged at peak levels recorded in December. The Index of Consumer Sentiment hit 98.1 in January, the University of Michigan reported on Friday. The figure is in line with numbers from December. Economists expected the index to hit 98.5 in January, according to a consensus estimate from Thomson Reuters. For more, click here...
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