August 28, 1996 |
The Dow recovered from an early dip, caused by an increase in the Consumer Confidence Index, to close higher. That reversed two days of declines.
October 1, 1991 |
It has been the year of the shakeout for many small retailers. During 1991's first three months alone, an estimated 300 retailers nationwide filed for protection under Chapter 11 of the bankruptcy code. Experts began forecasting this would be the worst year for bankruptcies in retailing since 1970. Last week, new evidence showed consumers are increasingly nervous and unwilling to spend, further clouding the outlook for the economic recovery and the Christmas shopping season.
April 7, 1992
NO CONFIDENCE IN THOSE CONSUMER INDICES Just how much confidence should Americans have in those measures of consumer confidence popularly viewed as early warning signals of changes in consumer spending patterns? Not much, say a number of economists who have examined the forecasting power of the two most closely watched consumer confidence surveys . . . the Consumer Confidence Index of the Conference Board, and the University of Michigan's Index of Consumer Sentiment. The rise and fall of these indices . . . is believed to presage growth or contraction of the nation's economy.
February 26, 1997 |
Consumers in Pennsylvania and nearby states are more optimistic about the economy this month than they have been in seven years, a business research group said yesterday. The Conference Board's Consumer Confidence Index for the Middle Atlantic states - Pennsylvania, New Jersey and New York - soared to 86.7, the highest since June 1990, just before the national recession started. The index was 77.5 in January. "The outlook is becoming brighter," said Lynn Franco, a Conference Board economist.
November 27, 1996 |
Consumers are the most confident in seven years about the economy's current health, but they are increasingly wary that the good times will end by late spring, a survey reported yesterday. The Conference Board's measure of sentiment on current business conditions rose to 131 in November, its highest level since 1989. It was a 6.4-point gain from October and an encouraging sign for merchants hoping for brisk holiday sales. However, consumers' outlook for the next six month wasn't as rosy, with the Board's gauge of expectations for the future dipping more than 4 points to 91.4 percent in November.
January 29, 1992 |
Consumer confidence fell in January to its lowest level in nearly 12 years, a reflection of the economy's persistent weakness and the gloomy mood of many Americans, a private research group said yesterday. The Conference Board's Consumer Confidence Index, which had leveled off in December after sharp declines the previous two months, dropped largely because of anxiety over future employment and business conditions. The report from the business research group was considered especially significant by economists because it showed Americans weren't responding to some of the most affordable borrowing costs in nearly two decades.
July 27, 1994 |
Compensation for American workers grew at a historically slow pace in the second quarter of the year while in July consumer confidence in the economy dipped slightly. Worker compensation rose at an annual rate of 3.2 percent, the same as in the 12 months ended March 30, which was the smallest increase on record, the Labor Department's Employment Cost Index showed. Economists said the figures provided the latest evidence that inflation remained in check. The report shows there is "no convincing sign" of inflation in the economy, said Robert G. Dederick, chief economist with Northern Trust Co. in Chicago.
May 27, 2009 |
The economy is getting better, so consumer confidence is up. Or is it the other way around? After a year and half of recession and nine months of news about financial crises, that question remains a chicken-and-egg riddle. But this much is clear: Consumers and investors are ready to embrace good news wherever they find it. Yesterday, the Conference Board reported the third straight monthly rise in its familiar Consumer Confidence Index, and the biggest jump since April 2003.
January 31, 2013 |
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.