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Consumer Confidence

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BUSINESS
June 28, 1995 | The Philadelphia Inquirer
Consumer confidence took its biggest hit in three years. June's index was at the lowest point since October.
NEWS
June 24, 2008 | ASSOCIATED PRESS
NEW YORK - U.S. consumer confidence fell unexpectedly sharply in June, sinking to the fifth-lowest level ever, according to a private industry group. The report today also said the group's reading of consumers' expectations hit an all-time low as home prices tumbled while gasoline and food prices rose. A separate index of home prices saw the largest drop since its inception in 2000. The Conference Board's consumer confidence index fell to 50.4 this month, down from 58.1 in May. The reading is far lower than economists expected; the consensus estimate of economists surveyed by Thomson/IFR was 56.5.
BUSINESS
June 29, 2011 | By Anne D'Innocenzio, Associated Press
NEW YORK - If you're a U.S. consumer, why would you be confident? Following a string of bad economic news, consumer confidence plunged in June to a seven-month low on continuing worries about high unemployment and stagnating wages, according to a report released Tuesday by the Conference Board, a private research group. Its Consumer Confidence Index slipped to 58.5 in June. That's down from a revised 61.7 in May. "Given the combination of uneasiness about the economic outlook and future earnings, consumers are likely to continue weighing their spending decisions quite carefully," Lynn Franco, director of The Conference Board Consumer Research Center, said in a statement.
BUSINESS
January 31, 2013 | By Martin Crutsinger, Associated Press
U.S. consumer confidence plunged in January to its lowest level in more than a year, reflecting higher Social Security taxes that have left Americans with less take-home pay. The Conference Board said Tuesday that its Consumer Confidence Index dropped 8.1 points in January from December to a reading of 58.6, the lowest since November 2011. The index has declined for three straight months since hitting a nearly five-year high of 73.1 in October. It's still above the post-recession low of 40.9 reached in October 2011.
NEWS
November 27, 1991 | By Robert A. Rankin, Inquirer Washington Bureau
Consumer confidence plunged lower in November than during the depths of the 1981-82 recession, increasing the odds that America will slip back into recession - if it hasn't already. The Conference Board, a business research group in New York, said yesterday that its index of consumer confidence plunged more than nine points in November, to 50.6. It had dropped nearly 13 points in October. Results of the poll, of 5,000 households nationwide, are expressed in an index in which 100 points equals the confidence level in 1985.
BUSINESS
February 29, 2012 | By Anne D'Innocenzio, Associated Press
NEW YORK - A widely watched barometer of consumer confidence surged in February to its highest level in a year as Americans took note of improving job prospects among friends and family and falling unemployment, which is now at a three-year low. The brighter assessment released Tuesday by a private research group reflected a more upbeat attitude for the nation generally as the economy picks up. That is a boon for President Obama as he seeks reelection....
NEWS
October 1, 2012
A presidential election that's supposed to be all about the economy shifted to foreign policy last week, most notably due to world events, including a continuation of violent anti-American protests in the Mideast, that couldn't be ignored. A less-discussed factor in the campaign shift may be growing signs that although Americans still believe the U.S. economy is a hot mess, they are becoming less fearful about participating in it. For example, the latest data indicate average annual spending by consumers has increased at its fastest rate since 2006.
NEWS
September 1, 1998 | by Paul Davies, Daily News Staff Writer Staff writers April Adamson, Mister Mann Frisby and Gar Joseph contributed to this story Send e-mail to daviesp@phillynews.com or call our tip line at 215-854-5474
The party's over. The question today is how long will the hangover last? Yesterday's precipitous drop in the Dow was a shocker, wiping out what remained of this year's gains and dredging up memories of the October 1987 crash of 508 points. As investors try to pick up the pieces from another Black Monday, some are wondering if the dreaded R-word is just around the corner. "It's scary what's going on right now," said Shannon Fisher as she headed for the train to Norristown at Suburban Station yesterday afternoon.
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BUSINESS
July 2, 2014 | By Linda Loyd, Inquirer Staff Writer
More Americans will travel this Fourth of July for fireworks, barbecues, and the beach visits, despite the highest gasoline prices for Independence Day since 2008. Automobile travel is projected to be at its highest level in years, with more than eight in 10 travelers celebrating the three-day weekend with a road trip, said AAA, the nation's largest automobile club. Forty-one million Americans will journey 50 miles or more from home, a 1.9 percent increase over 2013. The majority, or 34.8 million, plan to drive.
BUSINESS
December 12, 2013 | By Alan J. Heavens, Inquirer Real Estate Writer
Fourth-quarter earnings for Toll Bros. declined 77 percent from the same period a year ago, the Horsham-based luxury-home builder said Tuesday. Toll said it earned $94.9 million, or 54 cents a share, in the quarter ended Oct. 31, compared with a profit of $411.4 million, or $2.35 a share, a year earlier. Deferred tax-asset valuation allowance reversals fell to $4.6 million last quarter, compared with $394.7 million the year before, the builder said. Pretax income for the quarter was higher than the same period in 2012, Toll said, as sales, revenues, and average prices climbed above those previous-year figures.
REAL_ESTATE
August 25, 2013 | By Alan J. Heavens, Inquirer Real Estate Writer
Every time someone blames rising interest rates for tamping down home sales in a particular month, I find myself quoting Prudential Fox & Roach vice president Joanne Davidow: "I sold more houses when rates were at 8 percent than at 6 percent," she told me many years ago, "and the difference was consumer confidence. " Real estate is a roller-coaster ride. It offers no guarantees. Sales numbers are never the same every month, and neither are prices. They go up, they go down, often inexplicably, even though the experts still manage to come up with reasons.
ENTERTAINMENT
July 4, 2013
    The Style+Soul section, which usually appears on Wednesday, will be published Thursday with special Fourth of July fashion coverage: Consumer confidence is up, and red-white-and-blue has never been more stylish.
BUSINESS
May 30, 2013 | By Mike Armstrong, Inquirer Columnist
The stock market is considered a leading economic indicator, and, boy, has it been leading all year long. The Standard & Poor's 500 index, which is often used as a proxy for the U.S. equity market, is up 16 percent since Dec. 31. Investors on Tuesday seemed to shake off last week's wariness over just when Federal Reserve Chairman Ben Bernanke will pull back on the central bank's monetary stimulus - wariness that contributed to the...
NEWS
May 30, 2013 | By Christopher S. Rugaber and Martin Crutsinger, Associated Press
WASHINGTON - Home prices are surging, job growth is strengthening, and stocks are setting record highs. All of which explains why Americans are more hopeful about the economy than at any point in five years. Investors on Tuesday celebrated the latest buoyant reports on consumer confidence and housing prices, which together suggest that growth could accelerate in the second half of 2013. Greater confidence could spur people to spend more and help offset tax increases and federal spending cuts.
BUSINESS
May 30, 2013 | By Steve Rothwell, Associated Press
NEW YORK - A rally that brought the stock market to record highs this year came back to life after consumer confidence reached a five-year high and U.S. home prices rose the most in seven years. As stock prices rose, investors sold bonds, sending interest rates higher. The Dow Jones industrial average rose 106 points to close at another record Tuesday, bouncing back from a loss the week before. The Standard & Poor's 500 index also gained. The S&P is on track for its seventh straight monthly increase, the longest winning streak since 2009.
BUSINESS
March 8, 2013 | By Martin Crutsinger, Associated Press
WASHINGTON - Strong auto sales, better hiring, and a continued housing recovery helped the economy grow in January and February throughout the country, according to a survey released Wednesday by the Federal Reserve. The Fed said 10 of its 12 banking districts reported moderate or, as in Philadelphia, modest growth, while Boston and Chicago reported slow growth. Consumer spending increased in most regions, although spending growth slowed in many districts and much of the gain was driven by auto sales.
BUSINESS
February 28, 2013 | By Steve Rothwell, Associated Press
NEW YORK - A jump in home sales and strong earnings from Home Depot helped the Dow claw back Tuesday more than half its losses from Monday. Improving consumer confidence also brought buyers back to the market. The Dow Jones industrial average closed up 115.96 points, or 0.8 percent, to 13,900.13. The Dow fell 216 points the day before, its biggest drop in three months, on concern that Europe's debt crisis might flare again. The index has moved 100 points or more on four of the last five trading days.
BUSINESS
January 31, 2013 | By Martin Crutsinger, Associated Press
U.S. consumer confidence plunged in January to its lowest level in more than a year, reflecting higher Social Security taxes that have left Americans with less take-home pay. The Conference Board said Tuesday that its Consumer Confidence Index dropped 8.1 points in January from December to a reading of 58.6, the lowest since November 2011. The index has declined for three straight months since hitting a nearly five-year high of 73.1 in October. It's still above the post-recession low of 40.9 reached in October 2011.
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